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Mergers & Acquisitions

Jazz to buy cannabinoid company GW for $7.2 billion

by Megha Satyanarayana
February 6, 2021 | A version of this story appeared in Volume 99, Issue 5
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Jazz Pharmaceuticals is buying GW Pharmaceuticals for $7.2 billion to expand its neurological disease portfolio to include epilepsy and psychiatry. GW specializes in cannabinoid-based therapeutics, including the US Food and Drug Administration–approved Epidolex for seizures. Jazz has several approved treatments for cancer and sleep disorders. The purchase is expected to be finalized in the second quarter.

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