Genzyme Could Have Other Suitors: Report
CAMBRIDGE, Mass. (
) -- Besides France's
Sanofi-Aventis
(SNY) - Get Report
, Genzyme's potential suitors might include
GlaxoSmithKline
(GSK) - Get Report
and
Johnson and Johnson
(JNJ) - Get Report
, a report says.
News of Sanofi's interest in Genzyme
, the U.S. biotechnology company, became public Friday and Britain's GlaxoSmithKline and J&J are seen as the other most logical suitors for Genzyme, bankers and analysts said, according to the
Wall Street Journal
.
Glaxo recently made a very casual approach to Genzyme, telling executives there to keep Glaxo company in mind if Genzyme thought about selling itself, a person familiar with the matter told the
Journal
. But the contact ended there and there hasn't been continuing dialogue after the casual expression of interest, these people said.
Glaxo and and Johnson & Johnson declined to comment for the newspaper.
Genzyme had $4.5 billion in sales last year.
-- Written by Joseph Woelfel in New York.
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