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Fujifilm Holdings Corp (4901.T)

4901.T on Tokyo Stock Exchange

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Tue, Mar 12 2019

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Japan's Fujifilm buys biologics unit from Biogen to boost healthcare business

TOKYO Japan's Fujifilm Holdings Corp will buy a drugmaking business from U.S.-based Biogen Inc for about $890 million to try to bolster its healthcare business as growth at its legacy photocopy operations stagnates.

UPDATE 2-Japan's Fujifilm buys biologics unit from Biogen to boost healthcare business

* Fujifilm expects 100 bln yen revenue from CDMO business by 2021 (Adds details and background)

Fujifilm says to buy Biogen's subsidiary for around $890 mln

TOKYO, March 12 Fujifilm Holdings Corp said on Tuesday it is buying a subsidiary of Biogen Inc , Biogen Denmark Manufacturing ApS, for around $890 million to bolster its healthcare business.

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