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Medicines Co. pays $45M to reacquire drug rights

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The Medicines Company has agreed to pay $45 million to reacquire the European rights to the anticoagulant Angiox from Nycomed. Nycomed gets $20 million now, $20 million next year and $5 million on the approval of an expanded label. Annual sales of Angiox are projected to be $90 to $110 million by 2011.

- see the release
- check out the report from MarketWatch

Related Article:
Altana sells drug unit to Nycomed. Report


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