Dutch biotech gets $87.5m advance on $600m ticket to Pfizer
This article was originally published in Scrip
The future of AM Pharma is now largely in the hands of clinical and business decision-makers at Big Pharma. The Dutch biotech announced late on 11 May that Pfizer had spent $87.5m on an option to acquire the company for $600m. The option matures when the Phase II clinical trial in Acute Kidney Injury (AKI) of AM Pharma's lead product, recombinant alkaline phosphatase (recAP) is complete, sometime after the end of 2016. The option fee will go straight to shareholders, CEO Erik van den Berg told Scrip.
You may also be interested in...
Following Pfizer’s decision not to take up an option to acquire the Dutch company, AM-Pharma has returned to the venture capital market to get backing for a single pivotal Phase III trial of reCAP in acute kidney injury.
Charting the executive gender mix across 384 companies from mid-2014 to mid-2019 demonstrates that C-suite gender balance in pharma is moving towards a point that more closely reflects its total workforce, but that progress has been slow and that there is a long road to travel before the transformation is complete.
With gender diversity only slowly increasing in biopharma c-suites, Scrip spoke to executives from five companies about the importance of change.