The Medicines Company Acquires Rempex Pharmaceuticals for $474,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf5726ae-8f87-4b91-a67c-08f0923ee386
Date
12/5/2013
Company Name
Rempex Pharmaceuticals
Mailing Address
11535 Sorrento Valley Rd. San Diego, CA 92121
Company Description
Rempex Pharmaceuticals, Inc. is a biopharmaceutical company whose mission is to develop important new therapies to combat the growing issue of antibiotic resistance.
Website
http://www.rempexpharma.com
Transaction Type
M&A
Transaction Amount
$474,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The Medicine Co. paid Rempex’s stockholders $140 million up front and may pay potential milestone payments totaling $334 million.