Cephalon to bid $318 million for Arana Therapeutics

03/2/2009 | American City Business Journals

Cephalon said it plans to offer $318 million to acquire Arana Therapeutics, an Australian company that has "an established protein-engineering technology platform" for turning proteins into potent treatments. Cephalon said Arana's independent directors support the takeover offer and will recommend it to stockholders.

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