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Baxter To Acquire Prism

Baxter International has entered into a definitive agreement to acquire Prism Pharmaceuticals.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Baxter International has entered into a definitive agreement to acquire Prism Pharmaceuticals. The purchase includes Prism’s Nexterone product portfolio and consists of a $170 million upfront payment at closing and as much as $168 million in future sales milestones, for a potential total of $338 million. Nexterone (amiodarone HCl) is an antiarrhythmic agent approved by the FDA for multiple presentations, including ready-to-use premixed intravenous (IV) bag formulations, vials, and a pre-filled s...

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