Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » DayTrading, Momentum, News and More » Depomed, Biovail Ink License Contract

 - UBBFriend: Email this page to someone!    
Author Topic: Depomed, Biovail Ink License Contract
INwei
Member


Rate Member
Icon 7 posted      Profile for INwei     Send New Private Message       Edit/Delete Post   Reply With Quote 
AP
Depomed, Biovail Ink License Contract
Monday February 12, 2:08 pm ET
Depomed Licenses AcuForm Technology to Biovail for Upfront, Licensing and Royalty Fees

NEW YORK (AP) -- Depomed Inc. and Biovail Corp. said Monday the companies signed a contract that will provide drug delivery technology in return for license fees.

Under the agreement, Menlo Park, Calif.-based Depomed licensed its AcuForm technology to Canada-based Biovail, which will use it to develop two unnamed products. The technology is used to develop new drugs and extended release versions of existing drugs.

Biovail will pay Depomed an upfront fee of $500,000 and future license fees. Biovail will also make royalty payments based on the future sales of products developed with the technology.

Shares of Depomed rose 8 cents, or 2.2 percent, to $3.72 on the Nasdaq in afternoon trading. The stock has traded between $2.74 and $6.99 over the last 52 weeks.

Posts: 13 | From: USA | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
INwei
Member


Rate Member
Icon 1 posted      Profile for INwei     Send New Private Message       Edit/Delete Post   Reply With Quote 
Buy your DEPO stake, it'll reach up to $6-$7 shortly. Promising agreement, probable buyout at a high price up to $10-$12 per share. 1.7 average brokers recommendation at Yahoo! Great undervalued baby. take a look at http://finance.yahoo.com/q?s=DEPO for details.
Posts: 13 | From: USA | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share