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Pharmaceuticals
Avanir buys drug firm Alamo
May 29, 2006
| A version of this story appeared in
Volume 84, Issue 22
Avanir Pharmaceuticals has agreed to pay $29 million for Alamo Pharmaceuticals, a privately held specialty drug company. Alamo's owners could receive an additional $40 million if certain sales milestones are met. The deal includes FazaClo, an orally disintegrating version of the schizophrenia drug clozapine, originally sold as a tablet. Avanir also gains a sales force that can promote its lead candidate, Neurodex, currently under priority review at FDA for the treatment of involuntary emotional expression disorder.
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