News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Swiss Billionaires Buy Merck Serono HQ for Biotech Campus



5/22/2013 8:16:33 AM

Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today!

Swiss billionaire Ernesto Bertarelli has bought back the Geneva headquarters of his former biotech firm Serono, hoping to establish a biotech research campus. After selling the family business to German drugmaker Merck KGaA for $13.3 billion in 2006, the Harvard Business School graduate went on to win the America's Cup sailing prize for the second time. He and his former beauty queen wife Kirsty cut a high profile among the Swiss jet-set. To buy back the site, Bertarelli formed a company called Campus Biotech with fellow Swiss billionaire Hansjoerg Wyss, who made part of his fortune by selling Synthes, a maker of artificial joints, to Johnson & Johnson in 2011 for over $21 billion.

Help employers find you! Check out all the jobs and post your resume.

Read at Reuters
Read at News Release


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES