Chase pharmaceuticals acquired by Allegan for 125 million dollars

Allergan has acquired Chase Pharmaceuticals Company for a payment of 125

million dollars with certain adjustments and extra potential regulatory related to

Chase’s lead compound. Chase has closed by 24 million dollars in funding will

approx 22 million dollars through B series led by new health care investors,

Edmond de Rothschild investment partners, brain trust accelerator fund and Cipla

ventures. Allergan upfront payment of 125 million dollars and will also be on the

hook for added regulatory. According to Mr. David the chief research and

upgrading managerial of Allergan company said that , ‘ this achievement will

connect a novel phase three ready program for the disease to the company’s

portfolio and construct on our promises and commitment to enlarging inventive

approaches to perk up the lives of billion of people suffering from this infirmity’.

Future plans

For expansion of its CNS R&D pipeline Allergan has taken this step to acquire Chase

pharmaceuticals and this deal comprises of added potential related to chase’s

lead compound and many other backup compounds. Chase president Douglas

Ingram said that it’s in actuality thrilled, that Allergan has the strapping clinical

worth of the expansion programs.

About Chase Pharmaceuticals

It is a biopharmaceutical company which totally focuses on the overall

development of improved treatments for disorders related to neurodegenerative.

The company was founded by Thomas Chase and is totally focused on

manufacturing, developing and commercializing branded devices and biologic

products all around the world. It comes under the leading brands and made best

products for eye care, medical aesthetics, women’s health, urology and much

more. Allegan is totally committed to working with healthcare providers and

patients all around the world to offer meaningful treatments.

Source: www.prnewswire.com

Chase pharmaceuticals acquired by Allegan for 125 million dollars
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