ABRAXIS BIOSCIENCE RECEIVES MILESTONE PAYMENT FROM TAIHO PHARMACEUTICAL CO.

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Abraxis BioScience, Inc., an integrated, global biopharmaceutical company, today announced that it has received a $3 million milestone payment from Taiho Pharmaceutical Co., Ltd., (Taiho), for initiation of a Phase 1 clinical trial for ABRAXANE for Injectable Suspension (paclitaxel protein-bound particles for injectable suspension) (albumin-bound).

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