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Bristol acquires heart failure company Cardioxyl for up to $2.1bn

Executive Summary

Bristol-Myers Squibb Co. spent $300mm in up-front and near-term milestone payments for Cardioxyl Pharmaceuticals Inc., a private heart failure drug developer. Cardioxyl is also eligible for up to $1.775bn in development, regulatory, and sales milestones.

Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Full Acquisition
    • Includes Earnout
    • Payment Includes Cash

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