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Servier to Acquire Shire's Oncology Business for $2.4B

05:54 EDT 16 Apr 2018 | Genetic Engineering News

Shire said today it agreed to sell its oncology business to Servier for $2.4 billion, in a deal that advances the buyer’s goal of expanding in cancer treatments—and has led to conflicting speculation about whether Shire would accept a takeover offer from would-be suitor Takeda Pharmaceutical should such a bid emerge later this month. Shire's oncology business includes two marketed treatments: Oncaspar ® (pegaspargase), a component of multi-agent treatment for acute lymphoblastic leukemia (ALL) and ex-U.S. rights to Onivyde ® (irinotecan pegylated liposomal formulation), a component of multi-agent treatment for metastatic pancreatic cancer post gemcitabine-based therapy.  The portfolio also includes Calaspargase Pegol (Cal-PEG), which is under FDA review for the treatment of ALL and early stage immuno-oncology pipeline collaborations.   Shire’s Oncology business finished 2017 generating $261.7 million in product sales, up 22% from 2016—yet still just 3.7% of Shire’s total $6.988 billion in product sales last ...

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