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Nov 30, 2012

Merger Terminated between Presidio and BioCryst

  • BioCryst Pharmaceuticals and privately held Presidio Pharmaceuticals mutually terminated the merger agreement entered into on October 17, 2012. Although the original rationale for the merger reportedly had merit, the parties determined that terminating the merger was in the best interest of both companies and their respective shareholders at this time.

    Had the merger gone through, the combined company would have had lead programs in infectious and orphan disease indications, including HCV and hereditary angioedema, anchored by three oral, pan-genotypic antivirals suitable for development either in combination with each other or with other direct-acting antivirals to treat patients with HCV infection. The merger was an all-stock deal valued at approximately $101 million.



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Scientifically Studying Ecstasy

MDMA (commonly known as the empathogen “ecstasy”) is classified as a Schedule 1 drug, which is reserved for compounds with no accepted medical use and a high abuse potential. Two researchers from Stanford, however, call for a rigorous scientific exploration of MDMA's effects to identify precisely how the drug works, the data from which could be used to develop therapeutic compounds.

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