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Emergent BioSolutions to Acquire Adapt Pharma with Narcan (naloxone HCl) Nasal Spray

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Emergent BioSolutions to Acquire Adapt Pharma with Narcan (naloxone HCl) Nasal Spray

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  • Emergent will acquire Adapt with its leading product Narcan- approved by the FDA and Health Canada for the treatment of known or suspected opioid overdose       
  •  Under the agreement- Adapt will receive total up to $735M- including $635M upfront ($575M cash + $60M Emergent common stock)- additionally $100M sales milestone payments on till 2022
  • The acquisition is expected to bring increment in revenue $200 to 220M and EBITDA in 2019- expected acquisition completion in Q4’18

/ article | Ref: Emergent BioSolutions  | Image: Emergency services

Click here to­ read the full press release 

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