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Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:25 EDTMDCOThe Medicines Co. subsidiary awarded contract worth up to $90M
The Medicines Company announced that Rempex Pharmaceuticals, a wholly owned subsidiary, has been awarded a contract by the Biomedical Advanced Research and Development Authority, or BARDA, worth up to $90M to support the development of Carbavance. Carbavance is a combination of a carbapenem antibiotic with a novel beta-lactamase inhibitor for treatment of multi-drug resistant gram-negative infections. The BARDA contract is a cost-sharing arrangement that includes non-clinical development activities, clinical studies, manufacturing, and associated regulatory activities designed to gain U.S. approval of Carbavance for treatment of serious gram-negative infections. Studies are also planned to assess the potential usefulness of Carbavance for treatment of certain gram-negative bioterrorism agents. The contract includes an initial commitment of $19.8M and subsequent option periods over 5 years that, if completed, would bring the total value of the award to approximately $90M.
News For MDCO From The Last 14 Days
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March 27, 2015
08:44 EDTMDCOThe Medicines Co. has a conference call hosted by JPMorgan
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06:08 EDTMDCOThe Medicines Co. assumed with a Neutral at Citigroup
Target $30.
March 25, 2015
07:12 EDTMDCOAmerican Academy of Orthopedic Surgeons to hold annual meeting
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March 20, 2015
10:00 EDTMDCOOn The Fly: Analyst Initiation Summary
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March 19, 2015
16:06 EDTMDCOThe Medicines Co. initiated with a Neutral at Mizuho
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