Zogenix acquires UK-based Brabant Pharma for up to $130 million
US CNS focused drugmaker Zogenix (Nasdaq: ZGNX) says it has acquired Brabant Pharma, a privately-held UK-based pharmaceutical company for $20 million in cash and $15 million in stock plus potential future milestone and royalty payments.
The acquisition includes worldwide development and commercialization rights to Brabafen, low-dose fenfluramine, for the treatment of Dravet syndrome, a rare and catastrophic form of intractable epilepsy that begins in infancy. Brabafen has recently received orphan drug designation in Europe and the US for the treatment of Dravet syndrome.
$95 million conditional payments
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