Durata Therapeutics is a pharmaceutical company focused on the development and commercialization of novel therapeutics for patients with infectious diseases and acute illnesses.
Actavis offered to purchase all outstanding shares of Durata for $23 per share in cash or approximately $675 million in the aggregate, and one contingent value right per share, entitling the holder to receive additional cash payments of up to $5 per CVR if certain regulatory or commercial milestones related to Durata’s lead product DALVANCE are achieved. DALVANCE is the first and only IV antibiotic approved for the treatment of acute bacterial skin and skin structure infections.
“We are pleased to add Durata’s DALVANCE product to our portfolio, and with the rapid completion of this transaction, we further demonstrate our commitment to expand our presence in anti-infectives,” said Brent Saunders, president and CEO of Actavis.
More articles on gastroenterology:
Cantel Medical names Jorgen Hansen president, COO
Hanover Gastroenterology expands
GI physician to know: Dr. David Rubin of University of Chicago Medicine
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
