Eisai to Acquire Global Rights to Four Oncology-Related Products from Ligand Pharmaceuticals (LGND)

September 8, 2006 10:12 AM EDT

Eisai has announced that it signed a product acquisition agreement with Ligand Pharmaceuticals (Nasdaq: LGND) for exclusive global rights for their four oncology-related products, ONTAK, Targretin capsules, Targretin gel 1% and Panretin gel 0.1%.

The transaction is subject to governmental approvals and is expected to close after certain preparation period. Eisai will pay U.S. $205 million for the acquisition, and offer Ligand personnel employment by Eisai Inc


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