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Biogen Idec
BIIB and Stromedix, Inc. today announced that they have
entered into a definitive agreement under which Biogen Idec will acquire
Stromedix Inc., a privately held biotechnology company focused on innovative
therapies for fibrosis and organ failure. Under the terms of the agreement,
Biogen Idec will make an upfront cash payment of $75 million and additional
contingent value payments of up to $487.5 million based on the achievement of
certain development and approval milestones across multiple indications.
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