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Financing History
1986
 | Genzyme reaches financial break-even point. Seventy-five percent of revenues are generated by product sales.
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 | Genzyme’s initial public offering raises $27.4 million and the company has a valuation of over $83 million. |
1987
 | Raises $10 million through an R&D limited partnership to fund the development of Ceredase® (alglucerase injection), for the treatment of Gaucher disease. |
1989
 | Raises $36.7 million through a R&D limited partnership (Genzyme Development Partners) to fund the clinical development of four HA-based products.
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 | Raises $39.1 million through a public equity offering of 2,990,000 shares of common stock. |
1990
 | Sells 44 percent of subsidiary IG Laboratories in an IPO, raising $14.1 million.
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 | Forms Neozyme I, raising $47.3 million to fund R&D of six products, representing many of Genzyme's business areas. |
1991
 | Sells interest in GENETRAK Systems for $10 million to partner Amoco Biotechnology Company.
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 | Raises $143 million in one of the largest biotechnology public offerings ever.
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 | Places $100 million principal amount of convertible subordinated notes with private investors to yield 6.75 percent due October 2001. |
1992
 | Forms Neozyme II, raising $85 million to fund cystic fibrosis research and development.
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 | Purchases four research programs from Neozyme I for $49 million: CFTR, Thyrogen® (thyrotropin alfa for injection), diagnostics for direct cholesterol testing, and synthetic phospholipids. |
1993
 | Genzyme Transgenics completes an IPO; Genzyme's ownership is approximately 73 percent, raising $10.6 million. |
1994
 | Genzyme Tissue Repair is formed and begins trading as the first tracking stock in the biotechnology industry, along with Genzyme General. |
1995
 | Genzyme Tissue Repair raises over $42 million in a public offering.
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 | Genzyme General raises $141 million in a public offering.
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 | Genzyme buys back outstanding public shares of IG Labs. |
1996
 | Genzyme Genetics sells its identity testing services laboratory, Genetic Design Inc.
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 | Genzyme redeems all of the company's outstanding 6.75 percent convertible subordinated notes in the principal amount of $100 million.
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 | Genzyme General common stock splits 2-for-1 in July. |
1998
 | Genzyme Molecular Oncology stock begins trading on November 16.
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 | Genzyme General sells $250 million aggregate principal amount of 5.25 percent convertible subordinated notes due 2005 in private placement.
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 | Genzyme establishes financing plan to provide up to $66 million to develop Genzyme Tissue Repair’s product portfolio.
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 | Genzyme Pharmaceuticals sells its fine chemicals business. |
1999
 | Genzyme Tissue Repair announces the complete conversion of a $13 million private placement convertible note. |
2000
 | Genzyme Molecular Oncology and Purdue Pharma L.P. announce a cancer antigen discovery and licensing agreement with a potential to provide more than $330 million in payments.
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 | Genzyme Biosurgery is formed and stock begins trading on the NASDAQ National market under the symbol GZBX on December 19, 2000. |
2001
 | Genzyme issues notes in a private placement of $575 million, the largest biotechnology offering ever by a U.S. issuer.
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 | Two-for-one split of Genzyme General common stock on June 4, increases the number of outstanding shares of Genzyme General stock to approximately 194 million.
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 | Genzyme General redeems all of the outstanding 5.25 percent convertible notes in the principal amount of $250 million.
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 | Genzyme General ends year with market capitalization of $13 billion and over $1 billion in cash. |
2002
 | Genzyme General revenues topped $1 billion for the first time in the division’s history. |
2003
 | Genzyme eliminates its tracking stock structure, effective July 1.
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 | Teleflex acquires the Genzyme cardiothoracic devices business in exchange for $32.4 million in cash and approximately $8 million in assumed trade obligations.
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 | Genzyme acquires a leading molecular genetics and cytogenetics laboratory business.
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 | Genzyme acquires SangStat Medical Corporation. |
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