GEN Exclusives

More »

GEN News Highlights

More »
Feb 27, 2007

King Pharmaceuticals Procures Avinza from Ligand for $295M

  • King Pharmaceuticals closed its asset purchase agreement with Ligand Pharmaceuticals under which King has acquired the pain medication Avinza® (morphine sulfate extended-release).

    Avinza is indicated as a once-daily morphine treatment for chronic, moderate-to-severe pain in patients who require continuous, around-the-clock opioid therapy for an extended period of time, including osteoarthritis, back pain, musculoskeletal conditions, cancer, and neuropathic pain.

    Under the terms of the agreement, King has made a $246 million payment to Ligand to acquire all the rights to Avinza in the United States and Canada. In addition, King has reimbursed Ligand for certain product-related liabilities and other expenses totaling $49 million and has assumed all existing product royalty obligations.



Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

GEN Poll

More » Poll Results »

Block That Microbiome Metaphor!

Which way of thinking about the microbiome would best integrate the virome’s contributions?