Biotech SF: Xanodyne

Showing posts with label Xanodyne. Show all posts

Friday, June 22, 2012

Depomed buys rights to pain drug Zipsor for $26 million

Depomed Inc. bought the rights to the pain treatment Zipsor from Xanodyne Pharmaceuticals Inc. for $25.9 million in cash.

Menlo Park-based Depomed (NASDAQ: DEPO) also agreed to possible milestone payments based on how well the drug (diclofenac potassium) sells. It typically brings in $19 million a year.

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Some of my favorite stories.

• "The fight of his life" (2007)

Last year Mike Homer helped raise the money for 2,000 medical research computers. Now researchers are using that equipment in an attempt to save his life.

• "For reporter, CJD is more than a story" (2007)

Seven years ago -- nearly to the day -- my mother died of Creutzfeld-Jakob Disease.

• "A son's YouTube plea for Avastin" (2010)

Josh Turnage is your typical teenager, trying to discover what he wants to do in college and with his life. But a 7-minute, 41-second YouTube video he produced about his mother's fight with breast cancer may thrust him into a debate between drug makers and the agency that regulates them.

• "New device could knock out old dialysis technology" (2011)

Shuvo Roy has all the makings for the world's first implantable artificial kidney, thanks to nanotechnology and a web of nationwide collaborations.

All he needs now is $20 million.