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Nov28
Mayne Pharma Acquired Remaining Rights to SuperGen Inc.’s Nipent®

Mayne Pharma Ltd. (ASX: MYP) has agreed to acquire the remaining worldwide rights to Nipent® (pentostatin for injection) for a total consideration of US $8 million.

hairy-cell%20leukemia.jpgMayne Pharma acquired in August 2006 the North American rights to Nipent® from SuperGen, Inc. (Nasdaq: SUPG), for a total consideration of US $34 million.

According to Dr. James S. Manuso, president and chief executive officer of SuperGen, Inc.:

"The transaction marks the completion of SuperGen's transition to a targeted drug discovery and development company that is powered by a strong balance sheet and a well-fuelled royalty and milestone financial engine. The transition of the Nipent® North American franchise to Mayne Pharma was very efficient. We expect the same withvrespect to transitioning this remaining franchise."

Nipent® is approved for patients with hairy-cell leukaemia.

Find more details from the press release.

[Photo Credit: PennHealth

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