Sanofi-Aventis to pay up to $560 million for single product TargeGen

Sanofi-Aventis is to acquire the privately held US biopharmaceutical firm TargeGen for $75 million up front and additional milestone payments related to the development of its lead product, TG 101348, which could see the deal valued at a total of $560 million.

Sanofi-Aventis is to acquire the privately held US biopharmaceutical firm TargeGen for $75 million up front and additional milestone payments related to the development of its lead product, TG 101348, which could see the deal valued at a total of $560 million.

TargeGen is developing small-molecule kinase inhibitors for the treatment of certain forms of leukaemia, lymphoma and other haematological malignancies and...

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