Schering may sell CIS bio radiopharma unit

AuntMinnie.com staff writers
Dec 4, 2005

German contrast media firm Schering said it is "reviewing strategic alternatives" for its CIS bio International radiopharmaceutical business, with the possibility of selling off the division.

The Berlin company said it is realigning its strategy in the medical imaging market, and plans to focus on MRI, CT, optical, and molecular imaging products. The firm said it is in discussions with several parties interested in acquiring CIS bio.

Schering bought a 60% ownership interest in CIS bio in 2000, and bought the remaining shares in 2002. CIS bio has about 750 employees and generated total sales of approximately 120 million euros in 2004 ($141.4 million) in 2004.

By AuntMinnie.com staff writers
December 5, 2005

Related Reading

Schering partners with Philips, Siemens, November 29, 2005

Schering, Epix score European approval for Vasovist, October 5, 2005

Berlex gets Magnevist renewal, August 4, 2005

Berlex, Bracco, E-Z-EM, PETNet form consortium, September 27, 2004

E-Z-EM, Berlex expand Ultravist partnership, December 17, 2003

Copyright © 2005 AuntMinnie.com

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