Emergent acquires Trubion in near $100 million deal
SEATTLE Emergent BioSolutions will acquire Trubion Pharmaceuticals for $96.8 million upfront, under a deal the two companies announced.
Trubion, based in Seattle, develops biotech drugs for treating cancer and autoimmune diseases. Emergent said it would maintain Trubion’s research center in Seattle and use it to develop products for the company.
“The acquisition of Trubion by Emergent will accelerate the continued development of our leading products and technologies,” Trubion acting president and executive board chairman Steven Gillis said. “We believe the combination of Emergent’s strong financial position and expertise in development of biologics with Trubion’s innovative SMIP and SCORPION protein therapeutic product candidates and technologies will provide an efficient and effective development path for these promising products and technologies.”
Food Lion selects OfficeMax as a supplier
SALISBURY, N.C. Food Lion announced that OfficeMax will be the supplier for its family of brands, which includes Food Lion, Bloom, Harveys and Reid’s.
According to Food Lion, its stores will carry more than 200 OfficeMax products year-round, including award-winning Tul writing instruments, Dioga style supply products and various grades of OfficeMax brand copy paper. Stores also will carry a variety of such back-to-school items as notebooks, school glue and crayons.
“The Food Lion family is very excited about offering the OfficeMax product line at great prices for our customers,” said Ann Raives, Food Lion family director of category management. “This partnership with OfficeMax will provide our customers access to a number of office and school supply products that can be conveniently purchased during their grocery shopping trip.”
Weis opens remodeled store
SUNBURY, Pa. Weis Markets on Thursday announced its State College remodel and that it will be donating $16,000 as part of its Grand Opening Celebration to be held Aug. 14.
Local donations include $10,000 to the Nittany Medical Center’s Rural Diabetes program, $5,000 to Centre Volunteers for Medicine and $1,000 to Alpha Fire Department, the volunteer fire company servicing Ferguson Township, where the store is located.
As part of the remodel, the store has all new decor, upgraded produce and bakery departments and an improved pharmacy.