Catalyst Pharmaceuticals Inc. (CPRX)
Summary
Italy's Angelini Pharma completes $4.1 billion state-backed takeover of Catalyst
Angelini Pharma said on Thursday it had completed the acquisition of U.S. rare-disease drug maker Catalyst Pharmaceuticals in a $4.1 billion deal involving Italian state lender CDP.
Catalyst Pharmaceuticals Stockholders Clear Angelini Pharma Merger
Catalyst Pharmaceuticals NASDAQ: CPRX stockholders approved the company's proposed merger with Angelini Pharma S.p.A. at a special meeting held virtually on July 8, according to remarks from company officials during the meeting.
CPRX's Agamree Shows Potential Beyond DMD After Positive Phase I Data
Catalyst Pharmaceuticals' Agamree matches Emflaza's glucocorticoid activity while showing less immunosuppression, supporting potential expansion into new rare disease indications.
Catalyst Pharmaceuticals Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 1,944 | $39,647.45 | $61,216.56 | $21,569.11 | 54.4% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 23 | $569.48 | $724.27 | $154.79 | 27.18% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 616 | $15,026.74 | $19,397.84 | $4,371.1 | 29.09% |
| BG Bart Gancher Intech Investment Management LLC | 56,378 | $1.25M | $1.78M | $521,483.14 | 41.59% |
 Point72 Asset Management LP Point72 Asset Management LP | 425,865 | $10.54M | $13.41M | $2.87M | 27.18% |
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Catalyst Pharmaceuticals Inc. Profile
| Biotechnology Industry | Healthcare Sector | Richard John Daly CEO | NASDAQ (CM) Exchange | 14888U101 CUSIP |
| US Country | 181 Employees | - Last Dividend | - Last Split | 8 Nov 2006 IPO Date |
Overview
Catalyst Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company dedicated to developing and commercializing innovative therapies for individuals suffering from rare debilitating, chronic neuromuscular, and neurological diseases primarily in the United States. Founded in 2002 and headquartered in Coral Gables, Florida, Catalyst Pharmaceuticals takes a focused approach to tackle the challenges faced by people living with rare conditions. Through its commitment to these underserved patient communities, Catalyst aims to bring significant improvements to their quality of life by providing novel treatment options.
Products and Services
Firdapse (amifampridine phosphate tablets)
An approved medication for the treatment of adults with Lambert-Eaton Myasthenic Syndrome (LEMS), Firdapse works by improving the communication between nerves and muscles, offering symptomatic relief and improved muscle function. Catalyst Pharmaceuticals has taken steps to ensure Firdapse is available to those who need it, addressing a critical need within the LEMS community.
Ruzurgi (for pediatric LEMS patients)
Expanding on its commitment to providing solutions for LEMS, Catalyst developed Ruzurgi specifically for pediatric patients suffering from this condition. Ruzurgi represents a key development in pediatric care for LEMS, giving younger patients access to a treatment that is tailored to meet their unique needs.
Future Developments
Beyond its current offerings, Catalyst Pharmaceuticals is actively working on expanding the application of Firdapse for the treatment of other conditions, including MuSK antibody-positive myasthenia gravis and spinal muscular atrophy type 3. These initiatives signify the company’s ongoing commitment to exploring new therapeutic avenues and broadening the impact of its research and development activities.
Collaboration and License Agreements
Acknowledging the importance of strategic partnerships in the pharmaceutical industry, Catalyst Pharmaceuticals has entered into license agreements with BioMarin Pharmaceutical Inc. and a collaboration and license agreement with Endo Ventures Limited for the development and commercialization of generic Sabril tablets. These collaborations are pivotal in enhancing Catalyst's product portfolio and ensuring that patients have access to a broader range of treatment options.
