Angelini Pharma acquires Swiss CNS company for up to $960M

Angelini Pharma, an international pharma company that is part of the Angelini Group, has acquired Swiss-based biopharma Arvelle Therapeutics, which focuses on advancing treatments for patients suffering from CNS disorders. The deal is valued at up to $960 million, in an all-cash transaction. Per the agreement, $610 million will be initially paid out. Later on, once Arvelle’s cenobamate—an FDA-approved anti-seizure drug for the treatment of partial-onset (focal-onset) seizures in adults, which is available under the brand name XCOPRI CV—reaches revenue targets, the remaining $350 million will be paid.

Angelini Pharma, headquartered in Rome, will own the exclusive license to commercialize cenobamate in not only the EU but other countries in the European Economic Area (EEA) as well. Angelini plans to launch cenobamate after it receives approval from the European Medicines Agency (EMA), which is expected to come later this year.