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Intendis: Mid-Sized Specialist Spawns Small Specialist

In dermatology offshoot Intendis, Schering AG has created the ideal European crossbreed: a group with the management experience associated with spin-outs, and a revenue-generating side more typical of specialty pharma. The snag: Schering's retaining full ownership--for now.

By Melanie Senior

Spin-offs and pan-continental specialty pharma firms remain favorites in Europe. Note the VC interest in recent spin-offs including Aventis' (now Sanofi-Aventis ') Novexel SA or Bayer HealthCare AG ...

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