Pharmacia sells Amersham Biosciences stake

Published: 18-Apr-2002
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Pharmacia Corporation has reached an agreement in principle to sell its minority 45% stake in Amersham Biosciences to Amersham for US$1bn (€1.1bn). Amersham currently holds the remaining 55% of Amersham Biosciences. 'Amersham Biosciences is an excellent business, but outside our core pharmaceutical focus,' said Fred Hassan, Pharmacia's chairman and ceo.

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