PHARMACIA STRIKES DEAL FOR ARTHRITIS DRUG

From: The Record (Bergen County, NJ) | Date: March 6, 2001| Author: | Copyright information

LEWIS KRAUSKOPF, Staff Writer
The Record (Bergen County, NJ)
03-06-2001
PHARMACIA STRIKES DEAL FOR ARTHRITIS DRUG -- WILL TEAM WITH BIOTECH FIRM
By LEWIS KRAUSKOPF, Staff Writer
Date: 03-06-2001, Tuesday
Section: BUSINESS
Edition: All Editions -- Two Star B, Two Star P, One Star B

Already a dominant player with its blockbuster painkiller Celebrex,
Peapack-based Pharmacia Corp. moved Monday to tighten its grip on the
arthritis market.

The drug maker will pay British biotech company Celltech Group PLC
up to $280 million for the rights to jointly develop and promote a
compound for rheumatoid ...

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