Actelion buys U.S.-based firm with cancer drug in development

ZURICH | Wed Jul 31, 2013 11:58am EDT

ZURICH (Reuters) - Actelion said it will acquire Ceptaris, a privately held U.S.-based specialty pharmaceutical company developing a topical drug, Valchlor, to treat a form of cancer.

Allschwil-based Actelion said it already paid Ceptaris $25 million and will pay another $225 million when the deal closes. The deal is contingent on Valchlor clinching approval from the U.S. health regulator.

"We expect the transaction to become cash-accretive before the end of 2014," Actelion executive Nicholas Franco said in a statement on Wednesday.

(Reporting By Katharina Bart)

Source: http://www.reuters.com/article/2013/07/31/us-actelion-ceptaris-idUSBRE96U0US20130731?feedType=RSS&feedName=healthNews

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