RHONE-POULENC's ACQUISITION OF FRENCH NONPRESCRIPTION DRUG DISTRIBUTOR Cooperation Pharmaceutique Francaise (Cooper) was approved by both companies' boards of directors on Feb. 24. Cooper announced in a same-day press release that it is encouraging its shareholders to tender their shares to Rhone-Poulenc S.A. by the end of March. The offer values Cooper at between FFr 2.8 bil. and FFr 3 bil., or approximately $500 mil. (based on an exchange rate of $1 = FFr 5.84).
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Advanz Pharma would have had to show that the European Commission’s decision to revoke Ocaliva’s conditional marketing approval risked causing serious and irreparable harm, according to lawyers from Van Bael & Bellis.
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