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In Brief: Chiron

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Executive Summary

Chiron: Company will take a charge against earnings for the third quarter for the carrying value reduction of its idle fill and finishing facility in Puerto Rico. Appraisal is not complete but Chiron estimates that a $25 mil. write-down will be taken. The company is considering selling the facility. It was built for the manufacture of Betaseron (interferon beta-1b) for Berlex but never went on-line; need for Betaseron did not grow as predicted to require a second facility...

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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