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Business
The Medicines Company Buys A German Firm
August 11, 2008
| A version of this story appeared in
Volume 86, Issue 32
The Medicines Co. has acquired Germany's Curacyte Discovery and its lead compound, CU-2010, a small-molecule serine protease inhibitor that is being developed for the prevention of surgical blood loss. TMC, based in Parsippany, N.J., paid about $22 million and will make an additional payment of about $16 million to Curacyte's owners if CU-2010 makes it to Phase II clinical trials. TMC expects Phase I testing to start later this year.
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