Life Sciences, deals, Biotech
Acusphere raises $20M from Cephalon
Ryan McBride 11/4/08
Watertown, MA-based biotech firm Acusphere (NASDAQ:ACUS) reports it has received a $5 million initial fee and $15 million in loans from biotech company Cephalon (NASDAQ:CEPH), headquartered in Frazer, PA. The deal gives Cephalon an exclusive worldwide license to Acusphere’s injectable formulation of anti-inflammatory drug celecoxib, which is in preclinical development.
Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.
