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Drug Names(s): Alglucerase Injection
Description: Ceredase (alglucerase injection) is a modified form of the enzyme, Beta- glucocerebrosidase, an enzyme that catalyzes the hydrolysis of the glycolipid, glucocerebroside, within the lysosomes of the reticuloeridotlielial system.
Deal Structure: In October 2010, Sanofi-aventis announced it has commenced a tender offer for all outstanding shares of common stock of Genzyme for $69 per share, net to the seller in cash, without interest and less any required withholding taxes. In April 2011, Sanofi-aventis announced that it successfully completed its exchange offer for all outstanding shares of common stock of Genzyme Corporation.
Pink Sheet Genzyme’s Ceredase
Pink Sheet Puncturing the Orphan Drug Bubble
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