Jazz Pharmaceuticals

Jazz Pharmaceuticals plc (a merger of Jazz Pharmaceuticals, Inc. and Azur Pharma plc) is a biopharmaceutical company based in Ireland. It was founded in 2003.[2] One of the company's most significant products is the United States Food and Drug Administration (FDA) approved drug Xyrem (sodium oxybate), the sodium salt of the naturally occurring neurotransmitter γ-Hydroxybutyric acid (GHB). In 2017, net product sales of Xyrem were $1.187 billion, which represented 74% of the company's total net product sales.[1] In 2019, Jazz was granted FDA-approval to market Sunosi with indications for treating excessive daytime sleepiness (EDS) in narcolepsy as well as obstructive sleep apnea (OSA).

Jazz Pharmaceuticals plc
Public
Traded asNASDAQ: JAZZ
Russell 1000 Index component
IndustryBiotechnology
Pharmaceutical
PredecessorJazz Pharmaceuticals, Inc. (before the 2012 tax inversion to Ireland)
FoundedMarch 2005 (2005-03) in Dublin, Ireland
HeadquartersWaterloo Exchange, Waterloo Road, D04 E5W7, Dublin, Ireland
Area served
Worldwide
Key people
Bruce C. Cozadd, Chairman & CEO
ProductsPharmaceutical drugs
Brands
Revenue US$1.618 billion (2017)[1]
US$528.8 million (2017)[1]
US$487.8 million (2017)[1]
Total assets US$5.123 billion (2017)[1]
Total equity US$2.713 billion (2017)[1]
Number of employees
~1,210 (February 2018)[1]
Websitewww.jazzpharma.com

In 2007, the company pled guilty to felony charges related to its illegal marketing of Xyrem for off-label use.[3]

The company is also a member of the Pharmaceutical Research and Manufacturers of America (PhRMA).[4]

Company history & Acquisitions

2010

On February 18, the FDA accepted a new drug application for JZP-6 (Sodium oxybate) for the treatment of Fibromyalgia.[5] In the following December, a new patent was issued for Sodium Oxybate.[6]

2011

On September 19, Jazz Pharmaceuticals and Azur Pharma PLC agreed to merge.[7]

2012

On April 26, the company acquired EUSA Pharma for $650 million (plus $50 million in milestone payments).[8] In September the company successfully sold its Women's Health business to Meda for $95 million.[9] In December, the company began clinical trial of intravenous Erwinaze in patients suffering from Acute Lymphoblastic Leukemia.[10]

2014

In January, the company announced it would acquire the rare disease drug developer Gentium SpA and its lead product Defitelio for $1 billion.[11][12]

2016

In May, the company announced it would acquire Alizé Pharma II for $20.5 million.[13] At the end of the same month, the company announced its largest acquisition to date, with the purchase of Celator Pharmaceuticals for $1.5 billion.[14] As a result, Jazz obtained the rights to breakthrough therapy Vyxeos (liposomal daunorubicin and cytarabine) for treatment of acute myeloid leukemia.[15]

2019

In August the company announced it would acquire Cavion Inc. for up to ~$310 million.[16][17]

Acquisition history

The following is an illustration of the company's major mergers and acquisitions and historical predecessors (this is not a comprehensive list):

Jazz Pharmaceuticals
 
 
 
 
(Merged 2011)
 
 

Jazz Pharmaceuticals

 
 

Azur Pharma PLC

 
 
 
 
 

EUSA Pharma
(Acq 2012)

 
 
 
 
 

Gentium SpA
(Acq 2014)

 
 
 
 
 

Alizé Pharma II
(Acq 2016)

 
 
 
 
 

Celator Pharmaceuticals
(Acq 2016)

 
 
 
 
 

Cavion Inc.
(Acq 2019)

 
 
 

References
  1. "Jazz Pharmaceuticals PLC 2017 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 2018.
  2. "History". Jazz Pharmaceuticals. Retrieved 22 November 2016.
  3. "Jazz Pharmaceuticals, Inc. Agrees to Pay $20 Million to Resolve Criminal and Civil Allegations in "Off-label" Marketing Investigation".
  4. http://www.fiercepharma.com/pharma/teva-wins-controversial-phrma-bid-despite-protests-from-branded-rivals
  5. "Jazz Pharmaceuticals - Investor & Media - Press Release". jazzpharma.com.
  6. "Jazz Pharmaceuticals - Investor & Media - Press Release". jazzpharma.com.
  7. "Jazz Pharmaceuticals - Investor & Media - Press Release". jazzpharma.com.
  8. "Jazz Pharmaceuticals - Investor & Media - Press Release". jazzpharma.com.
  9. "Jazz Pharmaceuticals - Investor & Media - Press Release". jazzpharma.com.
  10. "Jazz Pharmaceuticals - Investor & Media - Press Release". jazzpharma.com.
  11. Armstrong, Drew (December 19, 2013). "Jazz to Buy Gentium for $1 Billion for Rare-Disease Drugs". Bloomberg News.
  12. "Jazz Pharma Acquiring Gentium for $1B". Gen. Eng. Biotechnol. News (paper)|format= requires |url= (help). 34 (2). January 15, 2014. p. 10.
  13. "Alizé Pharma II Acquired by Jazz Pharmaceuticals for Up to $20.5M - GEN News Highlights - GEN".
  14. "Jazz Pharmaceuticals to Acquire Celator for $1.5B - GEN News Highlights - GEN".
  15. "Vyxeos (cytarabine and daunorubicin) FDA Approval History". Drugs.com. Retrieved 2018-12-30.
  16. https://www.biospace.com/article/releases/jazz-pharmaceuticals-announces-acquisition-of-cavion-inc-/?s=79
  17. https://investor.jazzpharma.com/news-releases/news-release-details/jazz-pharmaceuticals-announces-acquisition-cavion-inc
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