Allergan to Acquire Naurex as Teva Talks Continue

July 26, 2015 7:19 PM

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Allergan PLC, the Dublin-based pharmaceutical giant, announced Sunday it has agreed to buy Naurex, a developer of drugs for depression and other central nervous system disorders, for $560 million.

Naurex, based in Evanston, Illinois, is privately held. Naurex's drugs are being tested in clinical trials but are not yet approved for sale.

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