Assertio Holdings, Inc. is banking on a recently approved oncology drug from Spectrum Pharmaceuticals Inc. in its move to acquire that company for nearly a quarter of $1bn, while viewing it as a way to boost its portfolio and further a strategy that includes growth through acquisition of products and companies. It also gives a new home to Spectrum, which over the past several years has experienced setbacks and a major reboot. But it remains uncertain whether the new cancer drug Rolvedon (eflapegrastim-xnst) will achieve anticipated near-term sales milestones.
Assertio Targets Febrile Neutropenia Drug In Spectrum Buyout Deal
It remains unclear whether Rolvedon will achieve hoped-for sales milestones in a deal that Assertio said was part of a growth strategy emphasizing product and business acquisitions.
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