Spectrum Pharmaceuticals Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Biotechnology | Small Cap Value
Company profile

Spectrum Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on acquiring, developing, and commercializing targeted oncology therapies. The Company's product portfolio consists of in-development drug products for the treatment of cancer patients. The Company's pipeline products include Eflapegrastim and Poziotinib. The Eflapegrastim is a long-acting granulocyte colony-stimulating factor (G-CSF) for chemotherapy-induced neutropenia. Poziotinib is a, pan-HER inhibitor that irreversibly blocks signaling through the Epidermal Growth Factor Receptor (EGFR) family of tyrosine-kinase receptors, including HER1 (erbB1; EGFR), HER2 (erbB2), HER4 (erbB4), and HER receptor mutations. The Eflapegrastim employs a LAPSCOVERY technology to enhance the duration of therapeutic effects and reduce the frequency of administration.

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Credit Suisse strikes deal to sell securitized-products group to Apollo

1:44 am ET November 15, 2022 (MarketWatch)

By Mauro Orru

Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it seeks to derisk its investment bank and divert capital to its core businesses.

The Swiss lender (CSGN.EB) said Tuesday that the deal with Apollo and the sale of other assets to third-party investors would slash the value of assets under its securitized-products group to roughly $20 billion from $75 billion through several transactions that Credit Suisse expects to be close by mid-2023.

Apollo will manage those remaining assets under an investment relationship with an expected term of five years to be agreed upon at the first closing.

The transactions should hand Credit Suisse a release of risk weighted assets of up to $10 billion, strengthening its capital ratio.

The Wall Street Journal reported last month that the bank was nearing a deal to sell its securitized-products group, citing people familiar with the matter.

Credit Suisse plans to cut thousands of jobs and raise around $4 billion in fresh capital in a move to turn a page on a chapter of scandals, hefty losses, executive turnover and waning market confidence.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

-Mauro Orru


(END) Dow Jones Newswires

November 15, 2022 01:44 ET (06:44 GMT)

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