Please login to the form below

Not currently logged in

Otsuka in-licenses leukaemia biologic for USD 200m

Otsuka buys the North American rights to PDL Biopharma's leukaemia drug, IV Busulfex, for USD 200m in cash to boost its global cancer franchise

Privately held Japanese pharmaceutical company Otsuka has agreed to buy North American rights to US biopharmaceutical company PDL Biopharma's leukaemia drug, IV Busulfex, for USD 200m in cash to boost its global cancer franchise.

Otsuka and PDL will complete the transaction by March 2008, according to a joint statement release on 17 December. PDL's partners will keep the rights to sell the medicine outside of North America, according to the statement.

IV Busulfex is already sold in more than 40 countries, but Otsuka wants to develop the drug for wider use in the important US market.

PDL revealed in October 2007 that it would sell itself entirely or its key assets.

The financial advisor to Otsuka in the transaction was Montgomery & Co, while PDL was advised by Merrill Lynch & Co.

19th December 2007


COVID-19 Updates and Daily News

Featured jobs


Add my company
Create Health

A healthcare marketing agency that shares your passion for making things better. Our clients with solve real health problems every...

Latest intelligence

Robust Review: COVID19 Assessment
See how our client utilized Rapid Payer Response (RPR) to stay informed and gain continuous insights during the recent global pandemic (COVID19)...
Human behaviour - Sept 21
All change – how untangling human behaviour can encourage better health
Driving better patient outcomes through clear, achievable practical steps that are underpinned by transparent evidence...
Health literacy in the time of COVID-19
In a time when much of the media’s focus is on the ongoing COVID-19 pandemic and the differences in vaccination rates between various regions, countries, and socioeconomic groups, improving health...