Navigation Links
Cephalon Launches Recommended Takeover Bid For Australian Biopharmaceutical Company, ChemGenex Pharmaceuticals Limited
Date:3/28/2011

FRAZER, Pa. and MELBOURNE, Australia, March 28, 2011 /PRNewswire/ -- Cephalon, Inc. (Nasdaq: CEPH) and ChemGenex Pharmaceuticals Limited (ASX: CXS) today jointly announced that Cephalon's wholly-owned subsidiary, Cephalon CXS Holdings Pty Ltd, intends to make a takeover bid for ChemGenex. ChemGenex is a hematology-focused Australian biopharmaceutical company developing its lead product candidate, OMAPRO™, for the treatment of chronic myeloid leukemia (CML) patients.  OMAPRO recently completed Phase III clinical trials and ChemGenex plans to file a New Drug Application with the U.S. Food and Drug Administration in the second half of 2011.

The takeover bid has the unanimous support of the ChemGenex Directors who will recommend it to ChemGenex Shareholders in the absence of a superior offer.

In October 2010, Cephalon, through its wholly-owned subsidiary, Cephalon International Holdings, Inc. (Cephalon International) agreed to subscribe for A$15 million of convertible notes issued by ChemGenex and entered into call option agreements with two of ChemGenex's major shareholders, Stragen International N.V. and Merck Sante S.A.S.  ChemGenex shareholders gave advance approval to the conversion of the convertible notes (in accordance with item 7 of section 611 of the Corporations Act) at a general meeting held in December 2010.

Cephalon International has today served notice to convert its convertible notes and exercise its call options to acquire in aggregate 86.4 million ChemGenex Shares.  This will result in Cephalon International holding in total 27.57 percent of the issued ChemGenex Shares.

Cephalon's takeover bid for ChemGenex will comprise two offers:

  • an offer of A$0.70 cash for each ChemGenex Share (ASX: CXS), cum dividends and other rights; and

  • an offer of A$0.02 cash for each ASX-listed ChemGenex Option (ASX: CXSOA)
    '/>"/>

  • SOURCE Cephalon, Inc.; ChemGenex Pharmaceuticals Limited
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

    Related medicine technology :

    1. Cephalon Wins FENTORA Patent Suit Against Watson
    2. Cephalon Announces Definitive Agreement to Acquire Gemin X
    3. Cephalon Reported Record Sales, Adjusted Net Income and Cash From Operations in 2010
    4. Cephalon Signs Option Agreement to Acquire Assets from Alba Therapeutics
    5. ImmunGene Announces Multi-Target R&D Collaboration With Cephalon Australia for Interferon Payload Technology
    6. Cephalon Receives Complete Response Letter for NUVIGIL for the Treatment of Excessive Sleepiness Associated With Jet Lag Disorder
    7. Cephalon Appoints J. Kevin Buchi as Chief Executive Officer and Member of Cephalon Board of Directors
    8. Cephalon to Webcast Investor Day
    9. Cephalon Announces FDA Approval of Risk Evaluation and Mitigation Strategies for NUVIGIL and PROVIGIL
    10. Cephalon Signs Investment Agreement to Fund ChemGenex Oncology Clinical Development Operations
    11. Cephalon Exercises its Option to Acquire BioAssets Development Corporation
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:5/29/2015)... 2015 /CNW/ - Alliance Principle Ingredients/Neutrical Solutions Inc., in ... product Galenic Health Ginger in Bentonite (NPN 80053535) ... and children. The product currently contains levels of ... acceptable limits for adult dosing. Ginger ... and disturbances. Alliance Principle Ingredients / Neutrical Solutions ...
    (Date:5/29/2015)... 29, 2015  Hologic, Inc. (NASDAQ: HOLX ) ... new, five-year secured credit agreement consisting of a $1.5 ... credit facility. Hologic has borrowed $0.175 billion ... and the Term Loan to pay off the Company,s ... principal amount outstanding of $1.69 billion as of March ...
    (Date:5/29/2015)... 29, 2015  Today, UL LLC, a global ... provider of electronic quality management systems (EQMS) and ... will leverage the strengths of both organizations to ... implementation and comprehensive advice and guidance for successful ... capabilities to UL,s strength in regulatory services and ...
    Breaking Medicine Technology:Hologic Enters into Five-Year Secured Credit Agreement 2Hologic Enters into Five-Year Secured Credit Agreement 3UL and MasterControl collaborate to provide medical manufacturers full service QMS and Regulatory Submissions support 2UL and MasterControl collaborate to provide medical manufacturers full service QMS and Regulatory Submissions support 3
    ... FRANKLIN LAKES, N.J., Sept. 8 BD (Becton, Dickinson and ... company, announced today that it will present at the 2010 ... 1:35 p.m. EDT. A live webcast of BD,s ... www.bd.com/investors and will be available for replay through ...
    ... Sept. 8 STAAR Surgical Company (Nasdaq: ... of phakic intraocular lenses, today announced that the Visian ... than 40 presentations by leading ophthalmologists at meetings prior ... of Cataract and Refractive Surgeons (ESCRS) held in Paris, ...
    Cached Medicine Technology:STAAR Surgical Launches New Visian ICL™ Product Line Extensions at ESCRS 2STAAR Surgical Launches New Visian ICL™ Product Line Extensions at ESCRS 3STAAR Surgical Launches New Visian ICL™ Product Line Extensions at ESCRS 4STAAR Surgical Launches New Visian ICL™ Product Line Extensions at ESCRS 5STAAR Surgical Launches New Visian ICL™ Product Line Extensions at ESCRS 6
    (Date:5/29/2015)... Displays and Exhibits’ has recently aligned with a ... hanging signs ; making what was formerly an elite ... ceiling rigging points at a usual height of 16’-20’ are ... These signs are very unique and more visible than the ... and dismantle labor and rigging the costs far outweigh the ...
    (Date:5/29/2015)... “In the current environment of ... regulations, we provide education that will help practitioners ... suffering from pain, within the boundaries of the ... of rehabilitation medicine and President/Medical Director of the ... , A new flight of PAINWeekEnd Regional Conferences ...
    (Date:5/29/2015)... Based in St. Louis, Missouri La La Land Shirts ... couple of months now and are really helping spread awareness ... not misbehaving, I have Autism, please be understanding” is actually ... child in order to start a conversation and ultimately lead ... raising awareness through the autism awareness shirts which can be ...
    (Date:5/29/2015)... Ready to hit the road? Before embarking ... to get their vehicles ready. With handicapped vehicles, there are ... Systems (ADS) is ready to help drivers get their handicapped ... road trips. , When planning for the big trip, drivers ... the trip goes smoothly and they are prepared for all ...
    (Date:5/29/2015)... What does community do? , According to a ... to plant gardens, to teach young people, to laugh, ... issues. Community invites everyone to help improve lives for ... Does" was commissioned by The Denver Foundation, the largest ... the foundation’s Annual Celebration in May. At just over ...
    Breaking Medicine News(10 mins):Health News:Displays and Exhibits Announces New Hanging Sign Supplier 2Health News:PAINWeekEnd Kansas City: Pain Management CME for the Main Street Practitioner 2Health News:La La Land Shirts Is Busy Spreading Autism Awareness with Complimentary Shipping on Their New Shirt 2Health News:Advanced Driving Systems Offers Tips for Summer Road Trips 2Health News:Advanced Driving Systems Offers Tips for Summer Road Trips 3Health News:What Community Does: A New Video from The Denver Foundation 2
    ... HighPoint Solutions LLC,a premier provider of business-driven ... develop an Incentive Compensation Plan for a new ... review.,With the project,s completion targeted for late summer ... motivate the field sales force and ensure the,alignment ...
    ... House expected to vote on bill this evening. , ... Alexandria, Va. ... Drug Stores (NACDS), endorsed a House bill, H.R.6331, the Medicare ... several provisions of critical importance to chain pharmacies and the patients they ...
    ... largest health community on the web, and HealthCare.com partner to ... , ... San Francisco, CA and Miami, ... the largest health community on the web, and HealthCare.com, Inc. ...
    ... shows increase in Social Security Disability Insurance recipients; time-intensive process of ... says Allsup , ... Belleville, Ill. (Vocus) June 25, ... Disability Insurance (SSDI) benefits continued to grow in 2007. This ...
    ... new classified assessment that explores how climate change could ... causing political instability, mass movements of refugees, terrorism, or ... The House Intelligence Committee is scheduled to be briefed ... While the assessment itself is ...
    ... are the workhorses of our cells. They help to digest ... and literally shape our body from top to toe. Proteins ... of enzymes, which are important in the creation of anything ... possibilities are virtually without limit. , To take advantage ...
    Cached Medicine News:Health News:HighPoint Solutions Develops Novel Incentive Compensation Plan for New Benign Prostatic Hyperplasia (BPH) Product 2Health News:NACDS Praises House Legislation to Delay Medicaid Cuts, Aid Pharmacies in Treating Patients 2Health News:MedHelp Launches Healthcare Provider Search Powered by HealthCare.com 2Health News:MedHelp Launches Healthcare Provider Search Powered by HealthCare.com 3Health News:SSDI Recipients Ask: When Do I Get My Benefits? 2Health News:SSDI Recipients Ask: When Do I Get My Benefits? 3Health News:Climate change may challenge national security, classified report warns 2Health News:Climate change may challenge national security, classified report warns 3Health News:1 step closer to green chemistry and improved pharmaceuticals 2
    ... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
    ... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
    ... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
    ... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
    Medicine Products: