Amarantus Bioscience Holdings Inc (AMBS)

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Billionaires Buy Merck Site to Build Swiss Biotech Campus

Swiss billionaires Hansjörg Wyss and Ernesto Bertarelli have bought the former building of drug company Merck Serono in Geneva, where they plan to set up a biotech research center with two local universities.

Merck Serono sold the building to a consortium called Campus Biotech, made up of the Bertarelli family, the Wyss Foundation, the University of Geneva (UNIGE), and the Swiss Federal Institute of Technology in Lausanne (EPFL). Bertarelli is, in fact, buying back the site of his former family business, biotech firm Serono, which he had sold to Merck in 2007.




http://news.sciencemag.org/people-events/2013/05/billionaires-buy-merck-site-build-swiss-biotech-campus