TMC Likes Its Options: Hospital Marketer Gains Rights To ProFibrix

The Medicines Company agreed to pay $10 million upfront to ProFibrix for an option to acquire the company outright after Phase III data on the lead biologic, Fibrocaps, read out later this year.

The Medicines Co. announced a deal June 4 aimed at bolstering its efforts to build a hemostasis franchise. The hospital marketer agreed to pay $10 million upfront for an option to acquire ProFibrix BV later this year after Phase III clinical trial results read out on the company’s lead biologic, Fibrocaps. The dry powder topical formulation of fibrinogen and thrombin is being developed to stop bleeding during surgery.

If the results of the single Phase III trial testing Fibrocaps are positive, The Medicines Company then would pay $90...

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