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Ipsen has entered into a definitive agreement to acquire from Sanofi for $88 million five consumer healthcare products in certain European territories. The most significant product is Prontalgine, an analgesic for treating moderate to severe pain. The portfolio also includes Buscopan, an antispasmodic; Suppositoria Glycerini, a laxative; and Mucothiol and Mucodyne, expectorants for cough and flu.
Allergen has agreed to acquire Zeltiq Aesthetics Inc. for $2.48 billion. Zeltiq makes and markets the CoolSculpting System, an FDA-approved process that simulates liposuction through a non-surgical fat-cooling procedure. The process is described by Zeltiq as the leading non-invasive fat reduction procedure in the body contouring industry.
Seattle Genetics has agreed to pay up to $2 billion to acquire exclusive worldwide rights to a cancer therapy from Immunomedics. In exchange for the rights to IMMU-132 (sacituzumab govitecan), an antibody drug conjugate in Phase 1/2 testing for the delivery of cytotoxic drugs to various types of tumors, including breast, lung and esophageal, Immunomedics will get $250 million upfront, with $1.7 billion in potential milestone payments and tiered double-digit royalties on potential sales.
Chinese biomed ApolloBio negotiated exclusive rights to develop Inovio’s lead DNA immunotherapeutic for human papillomavirus (HPV) VGX-3100 within China, Hong Kong, Macao, and Taiwan. The collaboration and license agreement covers development of VGX-3100 for treating and/or preventing precancerous HPV infections and HPV-driven dysplasias and excludes HPV-driven cancers and all combinations of VGX-3100 with other immunostimulants.