By: Benzinga
Baxter to Buy OBI-1 from Inspiration BioPharma for Upfront Payment of $50M
Baxter International Inc. (NYSE: BAX ) announced today that it has agreed to acquire the investigational hemophilia compound OBI-1 and related assets from Inspiration BioPharmaceuticals, Inc. as well as certain other OBI-1 related assets, including manufacturing operations, from Ipsen Pharma S.A.S. in conjunction with Inspiration's ongoing bankruptcy proceedings. The transaction is subject to bankruptcy
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