Jazz Pharmaceuticals Acquires Celator
Jazz will acquire Celator for approximately $1.5 billion.
On May 31, 2016, Jazz Pharmaceuticals announced that it will acquire Celator Pharmaceuticals, a biopharmaceutical company focused on developing combination therapy for the treatment of cancer. In a press announcement, Jazz says that the companies have entered into a definitive agreement under which Jazz will acquire Celator for $30.25 per share, approximately $1.5 billion.
As part of the transaction, Jazz will acquire Celator’s nano-scale liposomal formulation of cytarabine, Vyxeos, for the treatment of myeloid leukemia. FDA granted the drug Breakthrough Therapy Designation in May 2016. Celator says it plans to submit Vyxeos to FDA for approval later this year.
"Celator Pharmaceuticals is a strong strategic fit with Jazz Pharmaceuticals. Vyxeos will further diversify our product portfolio and is complementary to our clinical and commercial expertise in hematology/oncology," said Bruce Cozadd, chairman and CEO of Jazz Pharmaceuticals. "As Celator is currently preparing a regulatory submission in the US 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."
Source: Jazz Pharmaceuticals
Drug Solutions Podcast: A Closer Look at mRNA in Oncology and Vaccines
April 30th 2024In this episode fo the Drug Solutions Podcast, etherna’s vice-president of Technology and Innovation, Stefaan De Koker, discusses the merits and challenges of using mRNA as the foundation for therapeutics in oncology as well as for vaccines.
Drug Solutions Podcast: Gliding Through the Ins and Outs of the Pharma Supply Chain
November 14th 2023In this episode of the Drug Solutions podcast, Jill Murphy, former editor, speaks with Bourji Mourad, partnership director at ThermoSafe, about the supply chain in the pharmaceutical industry, specifically related to packaging, pharma air freight, and the pressure on suppliers with post-COVID-19 changes on delivery.
INTERPHEX 2025: Use of Walk-In Chambers for Bio/Pharma Development and Manufacturing
April 2nd 2025Sitting down with the PharmTech Group at INTERPHEX 2025, Christopher Murphy, director of Global Business Development and Service Customer Support at Environmental Specialties, discusses the design and critical role of walk-in chambers in the bio/pharmaceutical industry.
