Genzyme Corporation Closes $265M Unit Sale, Plans Another Divestiture

Mass High Tech -- Genzyme Corp. plans to sell its pharmaceutical intermediates business to an affiliate of the International Chemical Investors Group. Today’s announcement comes as the Cambridge biotech giant completes its $265 million cash sale of its diagnostics business to Sekisui Chemical Co, Ltd., announced in November. Both unit sales tie into current and potential treatments for Gaucher disease.
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