Dec 12 The Medicines Company said it
will pay $105 million in an upfront payment for a two-year
license to market Bristol-Myers Squibb Company's device
to control bleeding during surgery.
The deal also gives Medicines Co the option to acquire the
device, Recothrom, for a price based on average net sales during
the two-year collaboration term.
The deal is expected to add to Medicines Co earnings per
share in 2013, and add minimally to Bristol's earnings per share
in 2013 and 2014, both companies said in a joint statement.
Medicines Co said in a separate statement that said it
agreed to pay $185 million to acquire Redwood City,
California-based Incline Therapeutics, which is developing a
device to manage post-operative pain.
Medicines Co's shares closed at $21.85 on Tuesday on the