Narcan maker to be acquired by Emergent Biosolutions for $735M

Emergent Biosolutions will acquire Adapt Pharma, the maker of the opioid overdose antidote Narcan, for $735 million, according to Bloomberg.

The deal includes $635 million in upfront payments and as much as $100 million in potential sales. 

Emergent said it plans to expand the use of the lifesaving nasal spray while maintaining the drug's affordability. It expects to generate about $220 million in revenue from the product in 2019. 

The drugmaker is looking into contracting with the government to expand access to the treatment. 

Police departments and school campuses have increasingly been using the product, partially because of Adapt Pharma's efforts to give away the drug for free or at a reduced rate. 

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