Big biotech, Spectrum Pharmaceuticals, is in a m&a deal with Allergan.
In the light of this m&a deal, Spectrum has reacquired development and commercialization rights for apaziquone in the United States, Europe and other territories pursuant to an agreed-upon restructuring of Spectrum’s collaboration with Allergan.
In exchange of this m&a deal, Allergan will receive a royalty on future revenue.
Apaziquone is an anticancer agent being developed for the treatment of non-muscle invasive bladder cancer as a single instillation following transurethral resection of bladder tumor .
Spectrum also announced that a scheduled meeting with the U.S. Food & Drug Administration (FDA) was held last month to discuss the results from the Company’s Phase 3 clinical trials.
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