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Merck announces it has agreed to purchase two biotechnology firms that will help it discover and produce products.

Merck Merck may refer to:
  • Merck & Co., Inc. ( MSD, Merck Sharp & Dohme outside of the United States and Canada), the USA pharmaceutical company created from assets forfeited after World War I by:
 announces it has agreed to purchase two biotechnology firms that will help it discover and produce products. It announces it has agreed to buy GlycoFi Inc., of Lebanon, NH, for $400 million. It also agreed to purchase Abmaxis Inc., Santa Clara Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba.
, CA, for $80 million.

GlycoFi has developed a yeast-based, proprietary technology to develop proteins to treat or prevent diseases. Merck says the technology can result in higher yields and faster development of products than traditional methods for making biologics in mammalian mammalian

emanating from or pertaining to mammals.
 cell cultures. Abmaxis has a technology to assist with the identification of proteins known as monoclonal antibodies This is a list of monoclonal antibodies, antibodies which are clones of a single parent cell. When used as medications, the generic names end in -mab (see "Nomenclature of monoclonal antibodies").  that can serve as the basis for biologic products.
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Title Annotation:Merck and Company Inc. purchases GlycoFi Inc. and Abmaxis Inc.
Publication:Agri Marketing
Article Type:Brief article
Geographic Code:1USA
Date:Jun 1, 2006
Words:109
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