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Monday, June 17, 2013 2:47:09 PM
FWIW on this TEVA acquisition below. I recall the new CEO Jeremy Levin talk about his building of a "constellation" of companies that are strategic to the 'new' TEVA. It was interesting, at least to me, to read about this 'drug delivery'company TEVA is acquiring.
http://www.rttnews.com/story.aspx?ID=2136936
6/17/2013 9:38 AM ET
Teva Pharmaceutical Industries Ltd. (TEVA: Quote) announced it has entered into a definitive agreement to acquire MicroDose Therapeutx, a privately-held pharmaceutical and drug delivery company focused on inhalation technologies and products. Teva will acquire all of MicroDose's outstanding shares for a payment at closing of $40 million, additional payments of up to $125 million upon achievement of regulatory and development milestones, plus sales-based milestones and tiered royalty payments upon commercialization of MDT-637 and an earlier stage Asthma/COPD medicine.
Teva said it will now have access to MicroDose's proprietary technology including its multi-dose dry powder nebulizer device, which requires no preparation and can be administered in under 30 seconds.
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