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Swiss major Roche buys US firm InterMune for £5bn

  • Roche, the Swiss pharma major, is buying California-based firm InterMune for £5bn ($8.3bn), according to media reports. 

    The US company is known for its medicines for treating serious lung conditions.

    In 2009, Roche had bought a part of Genentech for around $47bn. Roche will reportedly pay $78 a share in InterMune.

    The drugs sector has seen a series of mergers in the recent past. Among the major deals, American drug company AbbVie bought British pharmaceutical firm Shire for around £32bn.

     

    Tagged as: Roche, Swiss, pharma, California, InterMune, lung, Genentech, drug, pharmaceutical, AbbVie, Shire, business news