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Renvela (Tablet or Powder)
Drug Names(s): sevelamer carbonate
Description: Sevelamer carbonate is a second-generation formulation of Renagel (sevelamer hydrochloride). Taken with meals, sevelamer carbonate binds to dietary phosphate in the gut and thus prevents its absorption. Genzyme is developing Renvela in both tablet and powder form.
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.
Renvela (Tablet or Powder) News
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