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Antisoma Takes Refuge With Roche

 
• By Melanie Senior

Roche could easily have swallowed cash-poor Antisoma whole. But the Swiss group has instead bought rights to the UK biotech's entire clinical portfolio, hoping thereby to preserve Antisoma's creativity--rather like it has done with Genentech.

At least one of the UK's biotech companies is home and dry. Much of the sector is paying a high price for failing to raise enough cash during the biotech boom, and remains stubbornly resistant to consolidation. (See "UK Biotech Learns the Hard Way," START-UP, March 2002 Also see "UK Biotech Learns the Hard Way" - Scrip, 1 March, 2002..)

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