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Covidien Announces License Rights Acquisition Agreement
Covidien, 07/15/09
Covidien , a leading global provider of healthcare products, announced that one of its Pharmaceutical Products subsidiaries has acquired the licensing rights to drug candidate Exalgo, Extended-Release Tablets, a formulation of an opioid analgesic from Neuromed Development Inc., a subsidiary of Neuromed Pharmaceuticals Ltd. The agreement is aimed at expanding Covidien's presence in the branded pain management market.
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