Pharma Deals Review, Vol 2023, No 5 (2023)

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Assertio to Acquire Spectrum Pharmaceuticals for Up to US$291 M

Ashish Tripathi

Abstract


In a bid to diversify its product portfolio, Assertio has agreed to acquire Spectrum Pharmaceuticals for US$291 M. Through the deal, Assertio will gain access to Spectrum’s marketed product, Rolvendon™(eflapegrastim-xnst), for the treatment of neutropenia as well as pipeline asset, poziotinib, for the treatment of patients with previously treated locally advanced or metastatic non-small cell lung cancer. Interestingly, the takeover comes five months after Spectrum received a CRL from the FDA for poziotinib.

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