Ipsen expands in oncology field, acquiring OctreoPharm Sciences

20 May 2015

French drugmaker Ipsen (Euronext: IPN) has signed an agreement to acquire OctreoPharm Sciences, a private German life sciences company focusing on the development of innovative radioactivelabeled compounds for molecular imaging diagnostics and therapeutic applications.

Ipsen plans to maintain the company location and staff to ensure successful transition of know-how and expertise. Ipsen expects to complete its acquisition once closing conditions have been cleared.

Deal provides 50 million euros upfront plus downstream payments

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