Pfizer acquires NextWave after surfing ADHD drug to US approval
This article was originally published in Scrip
Pfizer will invest up to $700 million in privately-held NextWave Pharmaceuticals and its newly approved attention deficit/hyperactivity disorder (ADHD) drug Quillivant XR (methylphenidate hydrochloride), including a $20 million option fee the pharmaceutical giant paid during the second quarter of 2012 under an option and merger agreement.
You may also be interested in...
Tris acquires Pfizer subsidiary Nextwave, which developed pair of ADHD drugs using Tris delivery technology. Lilly gets oral CGRP candidate from Chugai, while Dova signs US co-promotion partner for Doptelet.
Public Company Edition: It took 256 days for 2021 to surpass the 2020 record of 86 biopharma initial public offerings in the US in one year. Also, Procaps raised $115m ahead of its SPAC merger and aTyr and bluebird raised $75m each.
Amgen’s KRAS G12C inhibitor in combination with the company’s Vectibix generated a 27% overall response rate, nearly tripling the responses seen with Lumakras monotherapy in colorectal cancer.