BioCentury on BioBusiness,
Jazz continues specialty acquisition strategy, but will shift focus to R&D buys
Jazz's big band sound
Monday, May 7, 2012
A 2008 decision to concentrate
on its commercial business has paid off for Jazz Pharmaceuticals Inc.
The company has quadrupled its revenues, reduced its debt and increased its
number of marketed drugs tenfold with two recent acquisitions. Jazz now
plans to use that track record to woo specialty pharmas with R&D stage
Jazz was formed in 2003 to
in-license or acquire assets close to market. By 2008, the company had a pipeline
of Phase II and Phase III programs, but financial constraints and clinical
setbacks caused it to essentially shut down development to focus on growing the
revenues of narcolepsy drug Xyrem sodium oxybate.
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