Pharma Deals Review, Vol 2005, No 65 (2005)

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pSivida Acquires Control Delivery Systems to Create Nanotechnology Company with Global Revenues

Business Review Editor

Abstract


pSivida is to acquire Control Delivery Systems (CDS). As per the deal, pSivida will issue 16 M shares to CDS stockholders for a price of AUS$8.66 per pSivida share, valuing the deal at AUS$139 M and implying a market capitalization of about AUS$333 M.

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