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Spectrum Pharmaceuticals announces m&a deal with Allergan to reacquire rights for apaziquone

Posted on 01 February 2013

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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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