The Inner-Workings of Biogen Idec Inc.
Summary :
Table of Contents
- Introduction
- Recent developments in the industry
- Ethical issues facing the industry
- Conclusion
Abstract
As noted earlier in this report, biogen idec inc. is an amalgamation of strengths. It has been the merger between idec Pharmaceuticals and biogen. These two pharmaceutical giants have been as one corporation only as of November of 2003; therefore, there have been a very small number of developments within the company. The main focus will be on the merger itself.
The merger was completed on November the 12th establishing a global biotechnology leader under the symbol "BIIB" on the Nasdaq exchange. William H. Rastetter, Ph.D., the company's Executive Chairman, explains, "Based on [their] existing collaboration in oncology, [they] knew that this combination would be an excellent fit, both operationally and culturally." The Board of Directors of biogen idec is consistent of twelve directors, six from each company.
The merger was completed on November the 12th establishing a global biotechnology leader under the symbol "BIIB" on the Nasdaq exchange. William H. Rastetter, Ph.D., the company's Executive Chairman, explains, "Based on [their] existing collaboration in oncology, [they] knew that this combination would be an excellent fit, both operationally and culturally." The Board of Directors of biogen idec is consistent of twelve directors, six from each company.
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