Jazz Pharmaceuticals to Acquire EUSA Pharma
Jazz Pharmaceuticals and EUSA Pharma have announced that Jazz Pharmaceuticals has agreed to acquire the specialty pharmaceutical company for $650 million in cash and a potential $50 million milestone payment.
Specialty biopharmaceutical company Jazz Pharmaceuticals is to acquire pharmaceutical outfit EUSA Pharma, the companies have announced.
The two firms have now signed a definitive agreement, under which Jazz Pharmaceuticals will pay $650 million in cash to acquire the company, which has headquarters in the US and the UK.
There is also the potential for an additional $50 million milestone payment if EUSA Pharma's lead product, Erwinaze (asparaginase Erwinia chrysanthemi), achieves a particular sales target in the US in 2013.
The therapy is designed to treat acute lymphoblastic leukemia and is one of a number of oncology products marketed directly in the US and Europe by EUSA Pharma.
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