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NPS PHARM INC (NPSP)

1. [verwijderd] 9 oktober 2007 16:53

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   AP
   NPS Ends AstraZeneca Collaboration
   Tuesday October 9, 10:40 am ET
   NPS Pharmaceuticals Gets $30 Million After Ending MGluRs AstraZeneca Drug Development Pact
   
   BEDMINSTER, N.J. (AP) -- Shares of drug developer NPS Pharmaceuticals Inc. rose sharply Tuesday after the company said it ended a six-year partnership to develop drugs targeting metabotropic glutamate receptors with AstraZeneca.
   
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   The collaboration focused on developing central nervous system disorder treatments. NPS said the companies have generated several drug candidates for preclinical and early-stage development.
   
   NPS will no longer provide research support or maintain interests in any drugs developed and marketed under the program. The company will instead focus on its late-stage pipeline products, including osteoporosis drug Preos and gastrointestinal disorders drug Gattex.
   
   AstraZeneca will pay $30 million to acquire NPS's assets related to their research agreement.
   
   "This strategic move creates investment flexibility for NPS and enables us to use the monies from this deal, the previously announced Nycomed Gattex deal and the approximately $10 million in savings over the next two years from this transaction to support the further development of our late-stage pipeline products," said Tony Coles, president and CEO of NPS.
   
   Shares of NPS rose 74 cents, or 15.6 percent, to $5.50 in morning trading. Shares of AstraZeneca fell 50 cents to $51.76 in morning trading.
   
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2. [verwijderd] 9 oktober 2007 18:13

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   Skippy, is al een draadje voor!
   
   www.iex.nl/forum/topic.asp?forum=215&...
3. [verwijderd] 9 oktober 2007 19:40

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   quote:

   Frederik C schreef:

   Skippy, is al een draadje voor!
   
   www.iex.nl/forum/topic.asp?forum=215&...
   

   Bedankt voor de link.