Pharmacia Corp. a future biotech powerhouse? Message Board

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Biotech / Medical : Pharmacia Corp. a future biotech powerhouse?

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To: Michael Kucera who wrote ()	4/3/2000 8:02:00 PM
From: Michael Kucera	of 35

Monsanto and Pharmacia & Upjohn Complete Merger Pharmacia Corporation to be Launched on April 3, 2000 ST. LOUIS, and PEAPACK, N.J., March 31 /PRNewswire/ -- Monsanto Company (NYSE: MTC - news) and Pharmacia & Upjohn (NYSE: PNU - news) today announced that they have satisfied all conditions required to complete their merger. The companies today filed a ``Certificate of Merger' with the Secretary of State of Delaware, to create a new company called Pharmacia Corporation. Pharmacia will begin trading on the New York and Stockholm Stock Exchanges on Monday, April 3, 2000 under the ticker symbol ``PHA'. Pharmacia Corporation will have one of the strongest sales forces in the global pharmaceutical industry, an expansive product portfolio, a robust new product pipeline, and an annual pharmaceutical R&D budget of more than $2 billion. Pharmacia Corporation will also have one of the world's leading fully integrated agricultural businesses. Pharmacia Corporation's corporate and pharmaceutical business headquarters will be in Peapack, New Jersey. The agricultural business headquarters will be in St. Louis and will retain the Monsanto name.

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