Enzon to sell unit to Sigma-Tau (Dealscape

Enzon Pharmaceuticals Inc. agreed Monday to sell its drug business to a unit of Italian drug company Sigma-Tau SpA for about $327 million to focus on its pipeline and technology platforms.

The Bridgewater, N.J., pharma company issued a statement saying it would receive $300 million in cash when the deal closes, which is expected in the first quarter of 2010. It will also receive as much as $27 million if the operations meet certain milestones and 5% to 10% royalties through 2014.

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NOT A SUBSCRIBER? Enzon to sell unit to Sigma-Tau Posted on November 9, 2009 4:00 PM Enzon Pharmaceuticals Inc. agreed Monday to sell its drug business to a unit of Italian drug company Sigma-Tau SpA for about $327 million to focus on its pipeline and technology platforms. The Bridgewater, N.J., pharma company issued a statement saying it would receive $300 million in cash when the deal closes, which is expected in the first quarter of 2010. It will also receive as much as $27 million if the operations meet certain milestones and 5% to 10% royalties through 2014. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 868 in-depth reports of M&A deals in the Healthcare sector 617 company pages related to Pharmaceuticals 64 articles related to Enzon Pharmaceuticals Inc. 12 articles related to DellaCamera Capital Management LLC 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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