Monday, March 16, 2009

Spectrum Pharmaceuticals Acquires 100% of Zevalin, an FDA-Approved, Proprietary, Biological Drug for Non-Hodgkin's Lymphoma

Mar 16, 2009 - Spectrum Pharmaceuticals announced today the closing of the transaction whereby Spectrum Pharmaceuticals acquired 100% control of RIT Oncology, LLC™, to commercialize ZEVALIN ([90Y]-ibritumomab tiuxetan) in the US. In connection with the closing, Spectrum Pharmaceuticals will pay its former partner a total of $16.5 million, which is subject to further adjustments based on outstanding liabilities and obligations.

The details can be read here.

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