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See Latest ArticlesCephalon Signs Option Agreement to Acquire BioAssets Development Corporation
Cephalon, 10/27/09
Cephalon, Inc. and BioAssets Development Corporation, a privately held biopharmaceutical company, announced that the companies have signed an agreement that will provide Cephalon with an option to acquire BDC. Under the terms of the option agreement, Cephalon will pay BDC an upfront payment of $30 million and, assuming exercise of the option, an additional payment on the closing of the acquisition. BDC stockholders could also receive additional future payments related to regulatory and sales milestones.
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