Amgen to acquire Medigene spin-out Catherex

23 December 2015

US biotech major Amgen (Nasdaq: AMGN) has entered into an agreement to acquire 100% of USA-based Catherex, a spin-out of Germany’s Medigene (DE: MDF1).

As a main shareholder of Catherex, Medigene Inc USA is entitled to approximately 40% of payments to be made by Amgen. The company was informed about the execution of the corresponding purchase agreement by Catherex, Amgen and the shareholders of Catherex. Medigene Inc USA is a 100% subsidiary of Medigene AG.

Deal involves $10.5 million upfront payment

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