Shots:

• Jazz acquires Cavion- in all stock transaction making total deal value $312.5M. Cavion to receive $52.5M up front- ~$260M milestones based on certain clinical- regulatory and commercial activities
• The acquisition will broaden Jazz’s portfolio of sleep and neurological disorders and with the addition of Cavion’s CX-8998 it will further lead to expansion into movement disorders
• CX-8998 is a modulator of t-type calcium channels and is currently evaluated in P-II trial vs PBO in patients with essential tremor with its expected onset in 2020

Click here to­ read full press release/ article | Ref: Jazz Pharmaceuticals | Image: Behnace