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Merck & Co., Inc.
Drug Names(s): Flutamide
Description: Eulexin (flutamide) is an acetanilid, nonsteroidal, orally active anti-androgen. It competes with testosterone and its powerful metabolite, dihydrotestosterone (DHT) for binding to androgen receptors in the prostate gland. By doing so, it prevents them from stimulating the prostate cancer cells to grow.
Deal Structure: Schering-Plough's patent for Eulexin (flutamide) expired in September 2001. Generic flutamide is now marketed by Barr, Genpharm, Ivax, Par and Sandoz.
In March 2009, Merck & Co and Schering-Plough announced that their Boards of Directors have unanimously approved a definitive merger agreement under which Merck and Schering-Plough will combine, under the name Merck, in a stock and cash transaction. Under the terms of the agreement, Schering-Plough shareholders will receive 0.5767 shares and $10.50 in cash for each share of Schering-Plough. Each Merck share will automatically become a share of the combined company. Merck & Co and Schering-Plough announced that their merger completed on November 3, 2009.
Pink Sheet Schering's Eulexin (flutamide)
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