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Teva Pharmaceutical Industries Ltd.
Drug Names(s): amonafide dihydrochloride
Description: Quinamed (amonafide dihydrochloride) is a synthetic organic compound that affects ADP-ribosylation and the EGFR pathway.
Deal Structure: Quinamed was originally developed by ChemGenex.
Cephalon and ChemGenex
In March 2011, Cephalon announced that it will make a takeover bid for ChemGenex. The acquisition was completed in July 2011.
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.
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