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MediGene Pads Coffers, Inks $17.7M Eligard Royalty Deal

By Marie Powers
Staff Writer

Friday, June 8, 2012
MediGene AG became the latest biotech to choose a royalty deal over other financing options to bolster its bottom line. The company transferred its 2 percent royalty share of European net sales in prostate cancer drug Eligard (leuprolide acetate) to Cowen Healthcare Royalty Partners II LP for $17.7 million in cash.

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