Cambridge Labs divests nabilone to Valeant
Cambridge Laboratories, a privately-held UK drugmaker, has divested its interest in nabilone, a treatment for nausea and vomiting associated with cancer chemotherapy, to the USA's Valeant Pharmaceuticals. Cambridge Labs will receive an immediate payment of $14.0 million for commercial rights to nabilone in the UK and other European markets. Valeant currently markets the agent in the USA and Canada under the brand name Cesamet.
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