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Teva Pharmaceutical Industries Ltd.
Drug Names(s): KT-5555
Description: CEP-701 is an orally available, novel, receptor tyrosine kinase inhibitor that inhibits FLT3 autophosphorylation as well as Trk tyrosine kinases.
Deal Structure: CEP-701 was originally developed by Cephalon.
Teva and Cephalon
In May 2011, Teva and Cephalon announced that their Boards of Directors unanimously approved a definitive agreement under which Teva will acquire all of the outstanding shares of Cephalon for $81.50 per share in cash, or a total enterprise value of approximately $6.8 billion. The acquisition was closed in October 2011.
Pink Sheet Licensing In Brief
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