Biogen Paying $75M Up Front
Fibrosis Drugs Return Home In $562.5M Stromedix Buyout
By Catherine Shaffer
Wednesday, February 15, 2012
A promising candidate for idiopathic pulmonary fibrosis forms the basis of an acquisition deal between Biogen Idec Inc. and Stromedix Inc., of Cambridge, Mass. Biogen will pay $75 million up front, and up to $487.5 million in milestones for the company, gaining Stromedix's humanized monoclonal antibody, STX-100.
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