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$400M Deal for Protez Gives Novartis Superbug Candidate

By Tiffany Turner

Thursday, June 5, 2008
Protez Pharmaceuticals is being purchased by Novartis AG in a $400 million deal that could shift development of its broad-spectrum antibiotic into high gear. Company shareholders will net $100 million up front and $300 million upon meeting clinical milestones and obtaining regulatory approval. (BioWorld Today)

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