S-P concludes pradefovir deal
Valeant Pharmaceuticals International and Metabasis Therapeutics say that their agreement with US drug major Schering-Plough for the assignment and license of development and commercial rights to pradefovir has closed. This follows the early termination by the US Federal Trade Commission of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976.
Valeant licensed the drug from Metabasis in 2000 and has been evaluating it since then. More recently, S-P negotiated the rights to the drug for the treatment of chronic hepatitis B from Valeant (Marketletter January 1 & 8).
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