The Day In Review: Schering-Plough Corporation Buys Organon For $14.4 Billion

March 12, 2007 – Schering-Plough will pay $14.4 billion to acquire Organon BioSciences NV, the human and animal health business of Dutch chemical company Akzo Nobel; Biogen Idec and PDL BioPharma said daclizumab met its primary endpoint in a Phase II trial for multiple sclerosis; Dyax entered a partnership with Glenmark Pharma to discover antibodies for cancer and inflammation targets; Smith & Nephew bought a privately owned Swiss orthopedic company called Plus for $889 million; and Merck lost a Vioxx case in New Jersey and was assessed a fine of $20 million. The Centient Biotech 200™ rose 15 points to 3838, a rise of .40%. More details...