Leading the Way in Life Science Technologies

GEN Exclusives

More »

GEN News Highlights

More »
Nov 27, 2006

Mayne Acquires Remaining Rights to Hairy-Cell Leukemia Drug

  • Mayne Pharma topped off its North American rights to SuperGen’s hairy-cell leukemia therapy by purchasing the remaining worldwide rights for $8 million. In August 2006, Mayne paid $34 million for the North American rights to Nipent® (pentostatin for injection).

    SuperGen will receive approximately $3.75 million upfront. The balance includes $1.25 million to be paid depending on key events and $3 million over a five-year period on the anniversary of the closing date.

    "This acquisition is in keeping with our strategy, announced last May, to acquire niche marketed or close-to-market proprietary products that strengthen our oncology focus across Europe,” remarks Mike Kotsanis, Mayne’s head of commercial operations for Europe, Middle-East, and Africa. Last year, Nipent reached European sales of almost $5 million.



Be sure to take the GEN Poll

Scientifically Studying Ecstasy

MDMA (commonly known as the empathogen “ecstasy”) is classified as a Schedule 1 drug, which is reserved for compounds with no accepted medical use and a high abuse potential. Two researchers from Stanford, however, call for a rigorous scientific exploration of MDMA's effects to identify precisely how the drug works, the data from which could be used to develop therapeutic compounds.

Do you agree that ecstasy should be studied for its potential therapeutic benefits?

More »