Europe's New Spec Pharma Models

Spec pharma has created significant value in the US, but not, so far, in Europe. Still, Europe's spec pharma hopefuls aren't giving up, and they're trying out variations on the theme--some starting with infrastructure, others with products.

Melanie Senior

When US-based Cephalon Inc. acquired Europe’s Zeneus Pharma Ltd. in December 2005 for $360 million, Zeneus’ backers Apax Partners made...

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