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MGI Pharma acquires Hexalen from MedImmune

Executive Summary

MGI Pharma (cancer and rheumatology disorders) has acquired MedImmune's (infectious diseases, immune regulation, and cancer) Hexalen (altretamine) for $7.2mm (payable in quarterly installments of $1.2mm each over six quarters) plus sales royalties for 10 years. The drug is an orally administered chemotherapeutic compound to treat ovarian cancer.

Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Contract
    • Intra-Biotech Deal
    • Marketing (Licensing)
    • Product Purchase

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