King buys rights to sell abuse-resistant OxyContin

11/10/2005 | NYTimes.com

King Pharmaceuticals and Pain Therapeutics say they have reached a deal to give King the rights to a new version of the painkiller OxyContin. King obtained the rights to the abuse-resistant version of the drug for a reported $150 million up front with an additional $150 million possibly due depending on the speed with which Remoxy moves through the regulatory process.

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