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Jazz Pharma Sells Prialt Rights to TerSera Therapeutics

To focus resources on core therapeutic areas of sleep medicine and hematology/oncology

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By: Kristin Brooks

Managing Editor, Contract Pharma

Jazz Pharmaceuticals has entered a definitive agreement to sell its rights to Prialt (ziconotide) intrathecal infusion to TerSera Therapeutics LLC for $80 million in cash. The transaction, subject to customary closing conditions, is expected to close 3Q18. As part of the transaction, TerSera will offer employment to a majority of the Jazz employees dedicated to Prialt. Prialt is the only FDA approved, non-opioid agent indicated for the management of severe chronic pain in adult patients for w...

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