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UPDATED: Depomed reaches new high on $47.5m Cambia buy

This article was originally published in Scrip

Executive Summary

That didn't take long: Depomed made good on its promise in October to use cash from the sale of its diabetes drug royalties to buy pain and neurology-focused assets. The company will pay Nautilus Neurosciences up to $52.5m for US rights to the migraine drug Cambia.

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