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Article: German speciality chemicals company Degussa has sold Raylo Chemicals, part of its exclusive synthesis and catalysts business unit located in Edmonton, Canada, to Gilead Sciences, the biopharmaceutical company based in Foster City, California.(speciality chemicals company )(Brief article)
- Article from:
- Chemistry and Industry
- Article date:
- June 19, 2006
- Author:
CopyrightCOPYRIGHT 2006 Society of Chemical Industry. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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German speciality chemicals company Degussa has sold Raylo Chemicals, part of its exclusive synthesis and catalysts business unit located in Edmonton, Canada, to Gilead Sciences, the biopharmaceutical company based in Foster City, California.
The 115m [pounds sterling] ($146m) deal, expected to be completed in Q4, does not include the Raylo name and the Argyll Road site, one of the two operated by Raylo. The second site, Clover Road, will be used by Gilead for the manufacturing development of investigational products, supplying active pharmaceutical ingredients (APIs) for clinical research programmes and contributing to new launch supplies. Degussa has also ...