Egalet Licenses OXAYDO and Acquires SPRIX
January 8, 2015
Egalet Corporation licensed worldwide rights to OXAYDO from Acura Pharmaceuticals and acquired SPRIX nasal spray from Luitpold Pharmaceuticals, transforming Egalet into a commercial-stage specialty pharmaceutical company focused on pain management. The company also secured $15 million of debt financing from Hercules Technology Growth Capital to fund the transactions and commercial expansion.
- Buyers
- Egalet Corporation
- Targets
- OXAYDO, SPRIX
- Sellers
- Acura Pharmaceuticals, Luitpold Pharmaceuticals
- Industry
- Pharmaceuticals
- Location
- United States
- Transaction Type
- Divestiture
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