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Born From Frozen Camel Blood, Ablynx Is $4.8 Billion Prize

  • Sanofi barges in, outbidding Novo Nordisk and wooing board
  • ‘People were laughing at us,’ a company co-founder recalls
relates to Born From Frozen Camel Blood, Ablynx Is $4.8 Billion Prize
Source: Ablynx
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It began almost three decades ago with a container of frozen camel blood in Belgium, took a detour through Morocco and progressed to a stock listing in New York last year. The latest chapter in Ablynx NV’s story: a takeover worth about $4.8 billion.

The biotech company -- which Monday agreed to a bid from France’s Sanofi, snubbing a lower offer from Danish diabetes-drug maker Novo Nordisk A/S -- stemmed from an accidental discovery. A group of students at the Free University of Brussels in the late 1980s needed animal tissue for a project and found a sample of camel blood in the freezer, said Serge Muyldermans, a researcher who helped found Ablynx.