Specialty pharma player snaps up Acacia and its 2 drugs for a handy $100M
When Cambridge, UK-based Acacia Pharma finally scored an FDA approval for its rescue treatment of postoperative nausea and vomiting, it was the culmination of a rocky journey that spanned two previous rejections.
But as it turned out, the real challenge was just starting.
Launching in the middle of a raging pandemic — the OK came in February 2020 and Barhemsys entered the market a few months later — proved too tough for the little biotech. In the first six months of 2021, Acacia reported just $400,000 in net revenue, and that’s including a second product, Byfavo.
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