Japanese Buyer for Genzyme’s Diagnostic Unit

iStock_000006963239Medium[1]As reported by the Wall Street Journal, the Tokyo-based chemical product maker, Sekisui Chemical Co is set to buy Genzyme’s diagnostic products business for $265 million.

Genzyme’s diagnostic products division has approximately 575 employees in North America, the U.K. and Germany. Sekisui Chemicals hope to buy the division by December this year.

Sekisui and Genzyme have been cooperating in diagnostic product operations since 1995.

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