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|Articles|April 30, 2007

AstraZeneca buying MedImmune

British pharmaceutical giant AstraZeneca announced it is acquiring Gaithersburg, Md.-based MedImmune for $15.6 billion.

British pharmaceutical giant AstraZeneca announced it is acquiring Gaithersburg, Md.-based MedImmune for $15.6 billion. The deal, which is expected to close in June, will allow AstraZeneca to gain a presence in the increasingly lucrative vaccines market. It will also reportedly increase the company's proportion of biotechnology drugs in its pipeline to 27%, from 7%, and enlarge its total pipeline by 45 projects, to 163 projects.

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