/Scripps calls off controversial merger talks with USC; Rottapharm calls off IPO; Sandoz to move U.S. HQ;
NEWS

Scripps calls off controversial merger talks with USC; Rottapharm calls off IPO; Sandoz to move U.S. HQ;

FierceBiotech
2014/07/10

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Facing some stiff opposition from staff scientists, Scripps Research Institute has called off talks with USC about a possible merger. The talks were triggered by a large operating deficit and declining NIH grants, a trend that has rattled a number of top research centers. But Scripps faculty responded to the prospect of a merger by calling for the ouster of President Michael Marletta, saying that they've lost confidence in his leadership abilities. Release

Italy's Rottapharm Madaus has scrapped plans for an IPO, responding to a dwindling appetite for new offerings and a full banquet to choose from. Story

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Summary

@FierceBiotech: Wall Street wonders what Shire is worth. Report | Follow @FierceBiotech @JohnCFierce: Merck vet steps in to lead Third Rock's immuno-oncology upstart. Item | Follow @JohnCFierce...