Targacept and Catalyst Biosciences amend merger agreement
US firms Targacept (Nasdaq: TRGT) and Catalyst Biosciences, a privately held biopharmaceutical company, jointly announced that they have entered into an amendment to the definitive agreement to merge the two companies (The Pharma Letter March 7).
On April 6, Targacept disclosed the termination, effective June 1, 2015, of the research and license agreement between Catalyst and Wyeth (a wholly owned subsidiary of Pfizer), which governs the development and commercialization of Catalyst’s lead product candidate CB 813d/PF-05280602, an engineered Factor VIIa in development for severe hemophilia A and B. The amended agreement between Targacept and Catalyst considers the effect on the combined company of the termination of Catalyst’s research and license agreement with Wyeth.
Amendment details
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