Mylan sells Ceplene rights back to owner

15 June 2017

US biotech Immune Pharmaceuticals (Nasdaq: IMNP) saw its shares fall 6.2% to $2.59 early today, after it said it is repurchasing European and other rights to its acute myeloid leukemia (AML) treatment Ceplene (histamine dihydrochloride).

In 20012, Immune sold certain of these Ceplene-related assets to Sweden-based Meda, which in 2016 was acquired by Netherlands-incorporated Mylan (Nasdaq: MYL). Immune intends, through its immuno-oncology subsidiary Cytovia, to undertake commercialization efforts in Europe, Asia and Latin America. In addition, Cytovia intends to pursue continued development of Ceplene towards potential regulatory approval in the USA

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