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OPKO Health acquires neurokinin-1 receptor antagonist from Schering-Plough

Posted on: Thu, 12 Nov 2009 13:24:00 EST

Symbols: SGP, OPK

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Nov 12, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
SGP | Quote | Chart | News | PowerRating -- OPKO Health, Inc., a specialty healthcare company, has acquired rolapitant and related compound from Schering Corporation, a manufacturer of prescription and animal health products. Rolapitant, a neurokinin-1 (NK-1) receptor antagonist, is used for the prevention of nausea and vomiting related to cancer chemotherapy and surgery. Both the companies are based in the US.

Announcement (October 13, 2009):

OPKO Health has entered into a definitive agreement with Schering-Plough to acquire assets relating to Schering's Rolapitant (neurokinin-1 (NK-1) receptor antagonist) program.

In connection with its pending merger with Merck & Co., Inc., Schering-Plough determined to divest its oral and intravenous formulations of rolapitant and other assets in its NK-1 program.

Deal Type    Partnership
Sub-Category Acquisition
Deal Status  Completed: 2009-11-11

Deal Participants

Partner 1 (Company) Schering-Plough Corporation
Partner 2 (Company) OPKO Health, Inc. (formerly eXegenics, Inc.; Cytoclonal Pharmaceutics, Inc.)

For full details on Schering-Plough Corp (SGP) SGP. Schering-Plough Corp (SGP) has Short Term PowerRatings at TradingMarkets. Details on Schering-Plough Corp (SGP) Short Term PowerRatings is available at This Link.

For full details on Opko Health Inc. (OPK) OPK. Opko Health Inc. (OPK) has Short Term PowerRatings at TradingMarkets. Details on Opko Health Inc. (OPK) Short Term PowerRatings is available at This Link.

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