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Investing

Pharmaceutical Companies Sign $180 Million Deal (ENDP, BDSI)

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By Paul Ausick Published

Endo Pharmaceuticals Holdings Inc. (NASDAQ: ENDP has signed a deal with BioDelivery Sciences International Inc. (NASDAQ: BDSI) under which Endo will license and pay royalties on a pain treatment drug and delivery system developed by BioDelivery. The agreement will be worth up to $180 million to BioDelivery.

The deal includes an upfront payment of $30 million to BioDelivery and a further $150 million as certain milestones are reached. The licensed drug, known as BEMA Buprenorphine, is currently in Phase 3 trials for the treatment of moderate to severe chronic pain.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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