Cooley Advises Depomed in its $240 Million Diabetes Drug Sale to PDL BioPharma

Palo Alto, Calif. – October 22, 2013 – Cooley LLP announced today that it advised Depomed, Inc. in its sale of interests in royalty and milestone payments in the Type 2 diabetes therapeutic area to PDL BioPharma, Inc. for $240.5 million. Depomed is a specialty pharmaceutical company that commercializes products for pain and neurology related disorders.

The Cooley team advising Depomed on the sale was led by partners Mischi a Marca and Glen Sato and included partner and head of the firm's medical device practice Mark Weeks; partner Bill Morrow (tax); partners Francis Fryscak and Howard Morse (antitrust); special counsel Marina Remennik; and associates Jason Savich and Rena Kaminsky.

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Cooley's attorneys solve legal issues for entrepreneurs, investors and established companies. Clients partner with Cooley on transformative deals, complex IP matters and bet-the-company litigation, often where innovation meets the law.

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Related Contacts
Bill Morrow  Retired Partner San Diego
Mischi a Marca  Partner San Francisco
Rena Kaminsky  Special Counsel Palo Alto
Jason Savich  Partner San Francisco
Mark Weeks  Partner Palo Alto
Marina Remennik  Special Counsel Palo Alto
Howard Morse  Partner Washington, DC