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Tercica Gives Ipsen US Foothold

Ipsen's July 2006 tie-up with Tercica achieves a triple objective for the French group: a US partner for acromegaly drug Somatuline Autogel, a quid for Europe, and a bridgehead into the US. Tercica gets a second product to sell, a pipeline, and a likely buyer.

Establishing a US foothold has been on Ipsen chairman and CEO Jean-Luc Bélingard’s to-do list almost since his arrival in 2002 at what was then a privately-owned, family-run French drug firm.

Now he can tick that item off—at least partly. In July 2006, Ipsen announced a tie-up with US biotech Tercica...

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