SANOFI CHANGING STERLING's IMAGE: NYCOMED TO BUY IMAGING AGENT BUSINESS
Executive Summary
SANOFI CHANGING STERLING's IMAGE: NYCOMED TO BUY IMAGING AGENT BUSINESS from Sanofi once the French company has completed its acquisition of Sterling's prescription drug business. Under a letter of intent agreement announced June 29, Nycomed will pay $450 mil. for Sterling's U.S. diagnostic imaging agent business, which generated $480 mil. in sales in 1993.