One Swiss biotech with an antibiotic and a low tax rate

摘要:  With the FDA insisting on more studies before it will consider approval of its new antibiotic and needing money to pay for them, Switzerland-based Basilea figures it might sell some assets to raise th ...

 With the FDA insisting on more studies before it will consider approval of its new antibiotic and needing money to pay for them, Switzerland-based Basilea figures it might sell some assets to raise the money. And the assets it has are itself and its EU tax base, Bloomberg reported. And so the Basel-based biotech is offering itself up to any U.S.-based pharma that wants to make what might be called a tit for tax deal

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