Cypress Bioscience to acquire Proprius Pharmaceuticals (PharmaBiz)

Cypress Bioscience, Inc. and Proprius Pharmaceuticals, Inc., a privately held, San Diego-based specialty pharmaceutical company, jointly announced that Cypress will acquire Proprius in a transaction that includes an upfront payment of $37.5 million in cash as well as an additional $37.5 million in potential milestone-related payments associated with the development of Proprius' therapeutic ...

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