Upside for Cosmo, Grossing $89M in Santarus Stock Sale

Sheridan, Cormac
May 2013
BioWorld Today;5/15/2013, Vol. 24 Issue 93, p1
The article reveals that Cosmo Pharmaceuticals SpA of Lainate, Italy grossed 89.2 million U.S. dollars from a sale of 4.25 million shares of Santarus Inc. stock. It observes that the transaction will enable the already-profitable Cosmo to begin paying dividends to its shareholders. The article also reports that Cosmo originally accepted 6 million Santarus shares in 2008 as partial payment for a licensing deal involving its ulcerative colitis drug Uceris and traveler's diarrhea rifamycin SV.


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