Deal could net $100m for Seventh day Adventists' Sanitarium

Deal could net $100m for Seventh day Adventist’s Sanitarium

Friday, March 6th, 2015

Food giant Sanitarium, the tax-exempt manufacturer of Weet-Bix and Marmite, is expected to reap significant financial returns from the sale of a United States-based drug developer’s intellectual property to a Nasdaq-listed pharmaceutical firm.

The deal could net Asklepion Pharmaceuticals – reportedly controlled by Sanitarium’s shareholder, the Seventh day Adventist Church – more than $100 million over the next few years, plus royalties. Continue reading

Additional reading

News category: New Zealand, News Shorts.

Tags: Seventh Day Adventists, Taxing churches

The optimism of Timothy Radcliffe

Fr Timothy Radcliffe, the Dominican friar, was chosen by Pope Francis to lead the three-day retreat for all participants prior to the first assembly last October of the Synod on Synodality. This was a position of great trust given the Read more

Theologian: The future of the church is local

In Europe, the number of church members is declining – but Christianity remains strong worldwide. However, the structures do not remain stable, but are constantly changing. Thomas Schlag is Professor of Practical Theology at the University of Zurich, where he Read more

The perils and necessities of saying ‘I don’t know’

When I was studying political science in graduate school, I was surrounded by students who were much smarter than me. Most of my fellow students at the University of California Berkeley went to Ivy League schools as undergraduates. They were Read more

Survey: New priests are young and involved in their community

The incoming class of seminarians who will be ordained in 2024 is young and involved in their community, an annual survey released April 15 found. The U.S. Conference of Catholic Bishops commissioned the Center for Applied Research (CARA) at Georgetown Read more

CathNews New Zealand