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Endo to Acquire Penwest for $168M, Cutting Royalty Stream

By Catherine Hollingsworth

Wednesday, August 11, 2010
Penwest Pharmaceuticals Co. said that Endo Pharmaceuticals Inc., its longtime partner for pain drug Opana ER, has agreed to acquire all the common stock of Penwest for $5 per share in cash, in a deal worth approximately $168 million in total equity value. (BioWorld Today)

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