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Spectrum Pharmaceuticals Announces New Strategic Investment By Hanmi Pharmaceutical

Jan 04, 2022•almost 4 years ago
Henderson

Description

Spectrum Pharmaceuticals (NasdaqGS: SPPI), a biopharmaceutical company focused on novel and targeted oncology therapies, today announced a $20 million equity investment by Hanmi Pharmaceutical along with revisions to the licensing agreements for ROLONTIS® (eflapegrastim) and poziotinib. Under the terms of the strategic investment, Hanmi entered into a $20 million equity purchase agreement that will be priced at $1.60 per share.

Company Information

Company

Spectrum Pharmaceuticals

Location

Henderson, Texas, United States

About

The companies also agreed to an amended supply arrangement that is expected to result in a lower cost of goods sold for Spectrum. The company does not plan to update any such forward-looking statements and expressly disclaims any duty to update the information contained in this press release except as required by law.SPECTRUM PHARMACEUTICALS, INC.® and ROLONTIS® are registered trademarks of Spectrum Pharmaceuticals, Inc and its affiliate. Spectrum Pharmaceuticals is a biopharmaceutical company focused on acquiring, developing, and commercializing novel and targeted oncology therapies.