Auxilium Pharmaceuticals to Merge with Canadian Biotechnology Company QLT
Accelerates Auxilium's Ongoing Transformation Into Leading North American Specialty Biopharmaceutical Company
Canadian-Domiciled Structure Creates Stronger Financial Position, Competitive Partnering and M&A Platform
Platform Enables Continued Product and Therapeutic Diversification; Expands Geographic Footprint
CHESTERBROOK, Pa. and VANCOUVER, Canada, June 26, 2014 -- Auxilium Pharmaceuticals, Inc. (AUXL), a fully integrated specialty biopharmaceutical company, and QLT Inc. (QLTI) (QLT.TO), a Canadian-based biotechnology company focused on developing innovative orphan ophthalmology products, today announced that they have entered into a definitive agreement under which Auxilium plans to merge with QLT.
- Published: 26 June 2014
- Written by Editor