NuPathe accepts Teva's takeover offer, ends deal with Endo

Tue Jan 21, 2014 7:18am EST

Jan 21 (Reuters) - NuPathe Inc said it terminated its takeover deal with Endo Health Solutions Inc and accepted an offer from Israel's Teva Pharmaceutical Industries Ltd .

Teva offered to buy the neurology drugs maker on Jan. 8 for $114 million plus milestone payments related to its Zecuity migraine treatment.

NuPathe said Teva's offer represented a premium of about 28 percent over the upfront cash payment offered by Endo and equal amount of milestone-based payments.

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