Basilea Shares Rise on $89M BARDA Contract for BAL30072
By Cormac Sheridan
Tuesday, June 25, 2013
Shares in Basilea Pharmaceutica AG gained as much as 6 percent during mid-morning trading Tuesday on news that it secured a contract from the U.S. Biomedical Advanced Research and Development Authority (BARDA), worth up to $89 million, for the development of its antibiotic, BAL30072.
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