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The Pharmaceutical Journal Vol 264 No 7088 p434
March 18, 2000 Business

Du Pont in European deal with Aventis

Du Pont Pharmaceuticals Co is to take over the research and development facility of Aventis Pharma AG at Romainville, France, as part of a strategic alliance with Aventis in Europe. Du Pont will also acquire the marketing rights in Europe for several products and will take on responsibility for the staff at the R&D facility. Mr Kurt Landgraf (chairman, Du Pont Pharmaceuticals) said that the agreement was part of a progressive growth strategy which would see the company expand through organic growth and targeted alliances rather than a large merger.