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Genset IPO Case. Week 13, April 13, 2006. Genset Valuations 2006 DNA. Genset Valution 2006: Contracts. Genset Share Price IPO to Halt. End of Genset Story. Acquired by Serono, Europe’s largest biotech company, in June 2002 Price $105 million 9.75 Euros per share, 138% premium
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Genset IPO Case Week 13, April 13, 2006
End of Genset Story • Acquired by Serono, Europe’s largest biotech company, in June 2002 • Price $105 million • 9.75 Euros per share, 138% premium • “…Many European biotech firms are desperate for more financing, since tgheir fledgling drug pipelines will take years to bear any fruit.” (WSJ, 6/27/2002)