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Endo Pharmaceuticals completes acquisition of Indevus Pharmaceuticals

Endo Pharmaceuticals, a specialty pharmaceutical company, has completed its acquisition of Indevus Pharmaceuticals, a developer of products to treat conditions in urology and endocrinology.

Endo has acquired Indevus through a tender offer and subsequent merger upon which Indevus became a wholly owned subsidiary of Endo.

The common stock of Indevus ceased trading at market close on March 23, 2009 and has been converted into the right to receive $4.50 per Indevus share in cash and up to an additional $3 per share in cash upon achievement of certain regulatory and sales milestones.