Navigation Links
Covington Advises Actelion in Acquisition of Ceptaris Therapeutics
Date:7/31/2013

WASHINGTON, July 31, 2013 /PRNewswire-USNewswire/ -- Covington & Burling is advising Actelion Ltd on the acquisition of Ceptaris Therapeutics, Inc. The merger is contingent upon U.S. Food and Drug Administration approval of the Ceptaris product, VALCHLOR.

(Logo: http://photos.prnewswire.com/prnh/20120423/CL92331LOGO)

Under the terms of the merger agreement, Actelion's subsidiary, Actelion US Holdings Company, will pay Ceptaris $25 million upon signing the agreement and $225 million to Ceptaris' shareholders upon closing of the transaction. Ceptaris' shareholders are also eligible to receive additional payments based on net sales of VALCHLOR and/or the achievement of certain commercial milestones.

Actelion Ltd is a biopharmaceutical company headquartered in Switzerland. Founded in 1997, Actelion is a leading player in innovative science related to the endothelium - the single layer of cells separating every blood vessel from the blood stream. Ceptaris Therapeutics Inc. is a privately held, specialty pharmaceutical company that was established to develop a proprietary gel formulation of mechlorethamine hydrochloride for the treatment of early stage mycosis fungoides, a type of CTCL.

The corporate team was led by partners John Hurvitz and Stephen Infante, with associate Sara Needles.  

Covington & Burling LLP, an international law firm, provides corporate, litigation, and regulatory expertise to enable clients to achieve their goals.  Founded in 1919, the firm has more than 800 lawyers and offices in Beijing, Brussels, London, New York, San Diego, San Francisco, Seoul, Shanghai, Silicon Valley, and Washington, DC.

Contact: An Pham
+1.202.662.6575
apham@cov.com


'/>"/>
SOURCE Covington & Burling LLP
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Covington Advises Omthera Pharmaceuticals on Merger with AstraZeneca
2. Positron Retains Investment Banking Firm Covington Associates To Lead Financing Of Cyclotron Project
3. Intrepid Investment Bankers LLC Advises Newport Medical Instruments, Inc. in its Sale to Covidien plc
4. Apex BioStrategists Advises On Flow Cytometry Sale To Coulter
5. Intrepid Investment Bankers LLC Advises A-Med Health Care in the Sale of its Specialty Pharmacy Assets to Modern HC Pharmacy, Inc., a portfolio company of Altamont Capital Partners
6. Underage Kids Get Hydrocodone Drugs Easily from Family & Friends, Advises New York Center for Living
7. Addressing Hearing Loss Proves Win-Win for Both Employer and Employee, BHI Advises During National Employee Wellness Month
8. Men Who Want to Stay Active, Feel Younger, and Remain Socially and Professionally Engaged Should Address Hearing Loss, BHI Advises
9. CLUB DRUG CAUTIONARY: Dr. Jill Backfield, Addiction Specialist & Executive Director of New York Center for Living, Advises Parents of New Dangers of Mixing Marijuana & "Molly" (MDMA)
10. ConvaTec Announces Acquisition of AbViser Medical, LLC
11. Aperture Health, Inc. focuses in on IV Therapy Value Creation and the Merger and Acquisition Activities in the Home Infusion Therapy Sector.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/17/2019)... ... 2019 , ... Drs. Nickelice Brand and Chris Williams restore smiles of Ocala, ... office. Dental implants are a nearly permanent, comfortable and efficient way for patients to ... success rate when placed by highly trained professionals such as Drs. Brand and Williams, ...
(Date:9/17/2019)... ... 17, 2019 , ... Gustavo Grodnitzky, PhD will join the faculty of The ... holistic mind/body medicine for physicians and other health care professionals. Entitled The Heart ... the Cranwell Resort and Spa in Lenox, Massachusetts, is accredited by the Albany Medical ...
(Date:9/14/2019)... ... September 13, 2019 , ... Braun Industries, Crestline Coach Ltd, ... of service and wish him well on his retirement. Braun Industries and Crestline Coach ... to contact them direct for inquires related to new ambulance sales and service. ...
Breaking Medicine Technology:
(Date:9/17/2019)... ... September 17, 2019 , ... Since the registration of the ... Act in the US, Nocimed has been marketing its unique technology to healthcare ... existing MRI equipment to perform MR spectroscopy, NociScan detects the presence of chemical ...
(Date:9/17/2019)... (PRWEB) , ... September 17, 2019 , ... ... cabinet could help extend the lives of some cancer patients? In companion presentations ... doctors from Roswell Park Comprehensive Cancer Center report new evidence that low-dose aspirin ...
(Date:9/17/2019)... ... 17, 2019 , ... The Center for Information and Study ... third edition of The Gift of Participation. Written by CISCRP Founder, Ken Getz, ... navigate the clinical research process. The new edition offers a fresh look at ...
(Date:9/12/2019)... Ohio (PRWEB) , ... September 12, 2019 , ... ... on both a local and national scale in two recent and well-renowned listing ... country’s fastest-growing privately held businesses for the 2019 year. , Dr. Jeffrey ...
(Date:9/11/2019)... ... 11, 2019 , ... The 2019 Minnesota Anatomic Complex Knee ... Mall of America Radisson Blu. Four experts from Twin Cities Orthopedics (TCO), including ... conference, which brings together more than 100 national and international orthopedic surgeons for ...
Breaking Medicine News(10 mins):