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Medical Action Industries 1st Quarter Earnings Call to Take Place on August 9, 2010
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Gilead to Offer $2.2 Billion of Convertible Senio .. Company to Repurchase $1 Billion in Common Stock
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FDA Approves Orthovitaa?s New Collagen Facility
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Illumina Announces New TruSeqa" SBS Sequencing Kit for the Genome Analyzer
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Teva Comments on Generic Lovenox® Approval
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Prochymal New Drug Submission Granted Priority Review by Health Canada
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Tripp Levy PLLC Investigates Buyout of Cypress Bioscience by Ramius
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Aoxing Pharmaceutical Company Reports Enrollment .. ress on Phase III Clinical Trial of TJSL Capsules
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Ramius Offers to Acquire Cypress Bioscience for $4.00 Per Share in Cash
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Cypress Bioscience Confirms Receipt of Unsolicited Proposal From Ramius LLC


//health-fitness.news-articles.net/content/2010/ .. ipt-of-unsolicited-proposal-from-ramius-llc.html
Published in Health and Fitness on Monday, July 19th 2010 at 17:20 GMT by Market Wire   Print publication without navigation


SAN DIEGO, CA--(Marketwire - July 19, 2010) - Cypress Bioscience, Inc. (NASDAQ: [ CYPB ]) today confirmed that it has received an unsolicited proposal from Ramius LLC ("Ramius") to acquire the Company for $4.00 per share in cash. Cypress's Board of Directors will review the proposal with its financial and legal advisors. Cypress's stockholders are advised to take no action at this time.

About Cypress Bioscience

Cypress Bioscience, Inc develops and commercializes therapeutics and personalized medicine services to facilitate improved and individualized patient care. Cypress' goal is to address the evolving needs of specialist physicians and their patients by identifying unmet medical needs in the areas of pain, rheumatology, and central nervous system disorders, including challenging disorders such as fibromyalgia, rheumatoid arthritis, lupus and, with the license agreement with BioLineRx, schizophrenia. Current marketed products include Savella® (milnacipran HCI) and the Avise PGSM and Avise MCVSM therapeutic monitoring, diagnostic and prognostic testing services for rheumatoid arthritis. Development stage products include, with the license agreement with BioLineRx, CYP-1020 for schizophrenia, as well as AVISE-SLESM, a lupus diagnostic testing service.

For more information about Cypress, please visit [ www.cypressbio.com ].


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