Tuesday, November 13, 2007

EXPENDITURE STRATEGY - ACTELION LTD

Actelion Ltd., Switzerland's largest biotechnology company, which moved an experimental drug Pivlaz aimed at reducing blood vessel spasms into late-stage clinical testing will make a 15 million Swiss franc ($13.3 million) milestone payment to former shareholders of the medicine's developer, Axovan, which Actelion acquired in 2003.

[Click here for full story at: BLOOMBERG.COM]

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