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Accentia Biopharmaceuticals (ABPI) Announces Strategic Agreement with Baxter Healthcare Corporation (BAX)


11/29/2010 9:59:25 AM

TAMPA, Fla.--(BUSINESS WIRE)--Accentia Biopharmaceuticals, Inc. (OTCQB: ABPI) today announced a strategic agreement with Baxter Healthcare Corporation (NYSE: BAX) to provide Accentia with the exclusive, worldwide right to purchase Baxter’s cyclophosphamide, which is marketed under the brand name Cytoxan®, for the treatment of designated autoimmune diseases including multiple sclerosis. Cyclophosphamide is the active drug used in Revimmune™ therapy, Accentia’s proprietary system-of-care being developed for the treatment of a broad range of autoimmune diseases.

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