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Teva Pharmaceutical Industries Ltd Expands CNS Specialty Business with Acquisition of NuPathe

Tuesday, 21 Jan 2014 07:00am EST 

Teva Pharmaceutical Industries Ltd:Says that it has entered into a definitive agreement under which Teva will acquire NuPathe Inc for $3.65 per share in cash, or approximately $144 million.Says in addition to the upfront cash payment, NuPathe shareholders will receive rights to receive additional cash payments of up to $3.15 per share if specified net sales of NuPathe`s migraine treatment, ZECUITY, are achieved over time.Says the transaction is expected to be completed in Feb. 2014.