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Sumitomo Dainippon Pharma Co., Ltd.
Drug Names(s): ATOCK, (R,R)-Formoterol, Arformoterol tartrate
Description: Brovana is a single isomer form of the beta(2)-adrenoceptor agonist formoterol. It is being developed as a nebulized preparation for the treatment of respiratory disorders.
Deal Structure: Brovana was originally developed by Sepracor.
In September 2009, Dainippon Sumitomo Pharma (DSP) and Sepracor announced that they entered into a definitive agreement pursuant to which DSP will acquire Sepracor for approximately $2.6 billion through a cash tender offer of $23.00 per share. The acquisition was completed in October 2009.
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