Zevra Therapeutics is to acquire struggling Acer Therapeutics Inc. to expands its rare disease activities and add a commercial product for urea cycle disorders (UCDs).
Zevra Rides To Rescue Of Cash-Strapped Acer
Deal Could Be Worth Around $90m
Acer's bank reserves have dwindled down to next to nothing following the failure of its menopause drug, osanetant, in a Phase II trial some six months ago. Enter Zevra, which is getting hold of the company and its just-launched urea cycle disorder drug, Olpruva, in what looks like a bargain.
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