Otsuka Announces Plans to Buy Avanir for $3.5 Billion
Japanese drugmaker Otsuka announced plans to buy CNS-specialist Avanir Pharmaceuticals for $3.5 billion in an all-cash tender offer.
Otsuka Pharmaceutical announced on Dec. 2, 2014 that it had reached an agreement in which Otsuka America, its US subsidiary, would acquire Avanir Pharmaceuticals for $3.5 billion. Avanir, a biopharmaceutical company specializing in central nervous system (CNS) diseases, is the US-based manufacturer of Nuedexta, the only FDA-approved treatment for the neurological disease pseudobulbar affect (PBA). PBA is a neurological disease characterized by sudden and uncontrollable laughing or crying, secondary to a neurological condition such as traumatic brain injury, multiple sclerosis, Parkinson’s, a stroke, or Alzheimer’s disease
Under the agreement, Otsuka will obtain rights to Nuedexta, as well as AVP-786, a late-stage investigational compound developed to treat agitation associated with Alzheimer’s.
Source: Otsuka
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.
