Big biotech, M&A

Big biotech, The Medicines Company acquired Rempex Pharma

Posted on 05 December 2013

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The Medicines Company has acquired Rempex Pharmaceuticals for $474 million

The Medicines Company paid Rempex equity holders $140 million in an upfront payment at the closing of the deal.

The Medicines Company has agreed to pay Rempex equity holders milestone payments subsequent to the closing, including certain development and regulatory approval milestones totaling $214 million, and commercial milestones totaling $120 million.

The Medicines Company has acquired several anti-infective assets as a result of the transaction: Carbavance, Minocin IV, RPX-602, and a preclinical developmental program of novel investigational agents.

The Medicines Company will market Minocin IV (Minocycline for Injection) in the United States for resistant infections due to Acinetobacter.

View the full article at CNBC

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