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1 June 2016Americas

Jazz buys Celator for $1.5bn

Jazz Pharmaceuticals, based in Ireland, will buy US company Celator Pharmaceuticals for $1.5 billion in cash.

The transaction will add Vyxeos (CPX-351), an investigational product in development as a treatment for acute myeloid leukaemia, to Jazz’s portfolio.

“Celator Pharmaceuticals is a strong strategic fit with Jazz Pharmaceuticals. Vyxeos will further diversify our product portfolio and is complementary to our clinical and commercial expertise in hematology/oncology,” said Bruce Cozadd, chairman and chief executive officer of Jazz.

The transaction is expected to close in the third quarter of 2016.

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