BioCentury on BioBusiness,
Vanguard, CeNeS seek mass
Monday, May 1, 2000
Consolidation as a means to build critical mass is still very much in
the cards in the U.K. biotech sector. Vanguard Medica Group plc and CeNeS Pharmaceuticals plc - two companies that started life with very different strategies - last week confirmed
that they are in merger discussions. Such a deal would create a £173 million ($272
million) central nervous system-focused biotech group with ambitions to be fully
integrated from research through marketing.
"Size matters a great deal. Companies need to be above $500
million to be noticed," said Martyn Collett, commercial director at CeNeS (LSE:CEN;
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