Biotech Values

[DewDiligence]

This acquisition involves thinking outside the box—literally:

http://finance.yahoo.com/news/mwv-acquires-aardex-group-141500931.html

MeadWestvaco Corporation (NYSE: MWV), a global leader in packaging and packaging solutions, announced today that it is expanding its leading position in adherence packaging with the acquisition of AARDEX Group SA. AARDEX Group is the leader and pioneer in the design and use of electronic medication event monitoring systems and applications designed to measure, analyze, and manage patient adherence in clinical drug trials.

… A small microcircuit, integrated into the drug package, records the time and date of each opening of the package. This technology has been employed in over 500 clinical research studies conducted by leading universities, public and private research organizations, and numerous research-based pharmaceutical companies. AARDEX Group’s work has resulted in the publication of more than 550 research papers in peer-reviewed journals and as well as a vast knowledge base of patient adherence histories. More than 500,000 trial participants have used AARDEX Group’s products in such studies.

AARDEX is private, so there’s no public info on the buyout premium.