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Allos buy could be silver lining for Spectrum after cancer drug setback

 
• By Nancy Faigen

In the midst of facing new problems with one its investigational late-stage anticancer agents, Spectrum Pharmaceuticals has set its sights on acquiring Allos Therapeutics for up to $206 million – eyeing that firm’s FDA-approved peripheral T-cell lymphoma (PTCL) medicine Folotyn (pralatrexate injection).

In the midst of facing new problems with one its investigational late-stage anticancer agents, Spectrum Pharmaceuticals has set its sights on acquiring Allos Therapeutics for up to $206 million – eyeing that firm’s FDA-approved peripheral T-cell lymphoma (PTCL) medicine Folotyn (pralatrexate injection).

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