Gilead acquires Raylo Chemicals

Published: 14-Nov-2006

Gilead Sciences has completed its acquisition of Raylo Chemicals, a subsidiary of Germany-based specialty chemicals company Degussa AG, for approximately Euro 107m.


Gilead Sciences has completed its acquisition of Raylo Chemicals, a subsidiary of Germany-based specialty chemicals company Degussa AG, for approximately Euro 107m.

Gilead intends to utilise the subsidiary's Edmonton, Alberta-based site for process research and scale-up of clinical development candidates, for manufacturing of active pharmaceutical ingredients (API) for both investigational and commercial products, and for chemical development activities to improve existing commercial manufacturing processes.

Gilead and Degussa announced the planned acquisition on June 6, 2006.

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