Cephalon, Mesoblast stem cell development in distributed (Reuter)

LOS ANGELES (Reuters)-Dugmaker Cephalon Inc. plans to have a guiding companies biotechnologie Australian Mesoblast Ltd as well as rights to develop stem cell for his old traitements dégénératives e conditions of cardiovascular and Central nerveux.

News of the action of Mesoblast up 27 percent of the value of the Australian early Wednesday.

On the compact, the Cephalon Mesoblast pay $ 130 million avance and another 220 million dollars to have a nearly 20 percent through the Australian company, said in a statement.

Cephalon will not have rights around the world for specific products based on adult stem cell technology platform Mesoblast.

Globil old stem, opposition to pack up more controversial embryonic cell stem red there is a limited ability to form new types of packed red blood cells and tissus.

Companies said payment total advance regulation to Mesoblast could reach $ 1.7 million, accept that the deal results in the traitements commercial for conditions including congestive heart failure, acute du infarctus, disease and Alzheimer's disease.

Mesoblast will be responsible for guiding and financing certain clinical Phase IIa trials and commercial supply of products. Cephalon will be responsible for later stage clinical trial and the two products.

Cephalon pay a prize 31 percent Mesoblast the sold on Tuesday.

Mesoblast action raised high like Australian $ 4.45, before trade up 27 percent in a $ 4.23 early Wednesday. Cephalon rose 0.3 percent to close at $ 65.67 on Nasdaq.

Report on birth (not Deena Beasley. Modification that Richard Chang)


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