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Quebec court approves acquisition of Axcan

The Court’s final order also held the plan of arrangement to be fair and reasonable to Axcan shareholders. The transaction is expected to close in the first quarter

SurModics expands license agreement with Merck

Under the terms of the signed agreement, Merck will lead and fund development and commercialization activities. SurModics will receive a licensing fee and payment for its development activities.

Sepracor acquires US rights to Nycomed’s ciclesonide

Ciclesonide, Nycomed’s proprietary corticosteroid, has a unique activation mechanism and is the active ingredient in Alvesco HFA (hydrofluoroalkane) Inhalation Aerosol MDI (metered-dose inhaler) for the treatment of asthma