acute myeloid leukemiaAcute myeloid leukemiaWIKIMEDIA, AFIPDublin, Ireland–based Jazz Pharmaceuticals will purchase Celator Pharmaceuticals, headquartered in New Jersey, for $1.5 billion, Reuters reported. Celator’s investigational new drug called Vyxeos, indicated for the treatment of a rare blood disorder called acute myeloid leukemia (AML), has received orphan-drug status in the U.S. and Europe and in May was named a breakthrough therapy by the US Food and Drug Administration. Late-stage trial results released in March pointed to the treatment’s ability to increase life span in older, high-risk AML patients.

“As Celator is currently preparing a regulatory submission in the U.S. for Vyxeos, this acquisition would add a new orphan product with the potential for short- and long-term revenue generation and expansion of our international commercial platform,” Jazz Pharmaceuticals Chief Executive Bruce Cozadd said in a statement.

Celator is “a very good strategic fit” for Jazz, Stephen Willey, an analyst with Stifel...

(Hat tip: GEN)

Interested in reading more?

The Scientist ARCHIVES

Become a Member of

Receive full access to more than 35 years of archives, as well as TS Digest, digital editions of The Scientist, feature stories, and much more!
Already a member?