Bayer HealthCare AG has entered in to an agreement with Santo Holding (Deutschland) AG, Stuttgart, whereby Santo will acquire a majority of the anti-infective research activities of the pharmaceutical division. The company owners are Dr Andreas Strüngmann and Dr Thomas Strüngmann and their families. Bayer HealthCare will have a minority holding. Bayer HealthCare was advised on the transaction by a team from CMS Hasche Sigle; closing is scheduled for the first quarter of 2006.
In this sale Bayer HealthCare has successfully completed the planned spin-off of anti-infective research activities having decided at the end of 2004 to concentrate on therapies for cancer and cardio-circulatory risk management including diabetes.
The domicile of the company will be in the pharmaceutical and chemical centre of Bayer HealthCare in Wuppertal and directed by Prof. Dr Helga Rübsamen-Waigmann, who has hitherto headed BHC anti-infective research activities. Around 25 members of the workforce will keep their jobs and will in future be looking for new classes of agents to treat viral and bacterial disease. This will include research into the areas human cytomegalie virus (HCMV), hepatitis C, HIV, herpes and gram positive bacteria. The new company will also take on various development products, research projects, patent rights and licences.
Bayer HealthCare will cooperate with the new company. In this framework BHC will provide its high-performing technology platform and its product development know-how.
Advisers Bayer HealthCare
CMS Hasche Sigle
Ralf Kurney – corporate
Dr Jörg Zätzsch - corporate
Dr Jens Wagner – IP
Dr Gerlind Wisskirchen - employment
Dr Michael Bauer - competition
Contact CMS Hasche Sigle:
Tel.: +49 (0)30 / 20360-221
E-mail: [email protected]
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry.
CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Prague.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com
CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575 partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our clients in 24 countries in Europe and further afield on legal and tax issues.
Local strength and legal tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe, North and South America, Asia and North Africa.
For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com .