Cephalon exercises option to acquire Ception for $250 million

Cephalon offered $250 million to purchase Ception Therapeutics, exercising an exclusive option to acquire the company as part of a $100 million deal previously signed. The move comes after Cinquil, Ception's drug candidate for eosinophilic asthma, yielded positive results in a clinical trial.

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American City Business Journals · Wall Street Journal, The

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