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PDL BioPharma acquires royalty, milestone rights from Depomed in $240.5M deal

  • PDL BioPharma (PDLI) acquires royalty and milestone rights on sales of Type 2 diabetes products licensed by Depomed (DEPO).
  • PDLI is paying $240.5M in cash and will receive all royalty and milestone payments up to $481M, after which time the two companies will split payments.
  • The rights acquired are tied to: Glumetza, Janumet XR, Invokana, among other products. (PR)
Comments (1)
  • casenundra
    , contributor
    Comments (22) | Send Message
     
    And they said there was no life after Queen et al expired.
    22 Oct 2013, 11:53 AM Reply Like
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