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Spectrum Reshuffles Focus, Selling Seven Products To Aurobindo

 
• By Joseph Haas

By selling seven approved oncology/hematology products to a US affiliate of Aurobindo, Spectrum gets cash to increase focus on late-stage candidates Rolontis for neutropenia and poziotinib for solid tumors.

Two businessmen shaking hands during a meeting in the office, success, dealing, greeting & business partner concepts - soft light.

In a transaction intended to transition the specialty pharma Spectrum Pharmaceuticals Inc. to an R&D-focused biopharma, the company sold rights to seven small commercial oncology and hematology products to Acrotech Biopharma LLC. Spectrum received $160m up front plus up to $140m in regulatory- and sales-based earn-outs under the terms of the deal, announced Jan. 17.

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