Privately held pain drug firm EpiCept Corp. entered a deal to pay about $136 million in stock to take over Maxim Pharmaceuticals Inc., and the agreement is expected to close in the fourth quarter. (BioWorld Today)
The clock is ticking on key decisions related to a pair of drugs for myelodysplastic syndrome (MDS) - MGI Pharma Inc.'s Dacogen and Celgene Corp.'s Revlimid - and the market seems ready to widen, even as physicians continue to look fondly upon Pharmion Corp.'s injectable Vidaza (azacitidine), the compound in-licensed from Pharmacia & Upjohn Co., now part of Pfizer Inc.