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Eagle Pharma to acquire Arsia Therapeutics for up to $78M

Published 11/11/2016, 07:38 AM
Eagle Pharma to acquire Arsia Therapeutics for up to $78M
EGRX
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  • Eagle Pharmaceuticals (NASDAQ:EGRX) inks an agreement to acquire privately held Arsia Therapeutics. The Cambridge-MA-based biopharmaceutical firm develops biologics with low viscosity which makes them candidates for subcutaneous injection rather than intravenous infusion. The deal enables Eagle to eventually enter the biosimilar market.
  • Under the terms of the agreement, Eagle will pay $30M upfront ($27.3M in cash and $2.7M in common stock) and up to $48M in milestones.

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