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Acquisition of Spectrum Pharmaceuticals by Assertio Holdings: A Game-Changing Deal in the Industry

The Future of Assertio Holdings Looks Promising as Stockholders Overwhelmingly Approve Acquisition Transaction

Introduction

In a significant development in the pharmaceutical industry, Assertio Holdings, Inc. ("Assertio") has announced the favorable vote of its stockholders, as well as the stockholders of Spectrum Pharmaceuticals, Inc. ("Spectrum"), in support of the proposed acquisition agreement between the two companies. This all-stock and contingent value rights (CVR) transaction is expected to bring about new growth opportunities and be highly accretive to Assertio Holdings by 2024. With the transaction set to close in the coming days, let's delve into the details of this game-changing deal and explore what it means for both companies and their stockholders.

1. Assertio Holdings: A Leader in Specialty Pharmaceuticals

Assertio Holdings, Inc. is a specialty pharmaceutical company that specializes in offering differentiated products to patients. With a focus on providing innovative solutions, Assertio has established itself as a key player in the industry. The company follows a non-personal promotional model, leveraging its commercial portfolio and identifying new opportunities within its existing products. By continually seeking acquisitions and licensing additional approved products, Assertio aims to expand its reach and impact in the pharmaceutical market.

2. Spectrum Pharmaceuticals: Revolutionizing Oncology Therapies

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, has gained recognition for its strategic approach to acquiring, developing, and commercializing novel and targeted oncology therapies. With an in-house clinical development organization equipped with regulatory and data management capabilities, Spectrum is well-positioned to bring groundbreaking treatments to market. The company's expertise extends beyond research and development, encompassing commercial infrastructure and a dedicated sales force for its flagship product, ROLVEDON® (eflapegrastim-xnst) Injection.

3. The Proposed Acquisition: An All-Stock and CVR Transaction

The proposed acquisition between Assertio Holdings and Spectrum Pharmaceuticals is set to reshape the pharmaceutical landscape. This all-stock and CVR transaction will allow Assertio to leverage Spectrum's expertise in oncology therapies and expand its product portfolio. The transaction has received overwhelming support from the stockholders of both companies, highlighting the confidence in the future prospects of the combined entity.

4. Growth Opportunities and Accretive Benefits

The acquisition of Spectrum Pharmaceuticals presents a multitude of growth opportunities for Assertio Holdings. By incorporating Spectrum's novel and targeted oncology therapies into its existing product offerings, Assertio can tap into a new market segment and diversify its revenue streams. Furthermore, the transaction is expected to be significantly accretive to Assertio by 2024. The positive impact on stockholders is a testament to the potential of the combined entity and the long-term benefits it will bring.

5. Enhanced Research and Development Capabilities

With the acquisition of Spectrum Pharmaceuticals, Assertio Holdings will enhance its research and development capabilities. Spectrum's in-house clinical development organization, coupled with its regulatory and data management expertise, will strengthen Assertio's ability to bring innovative treatments to market. This expanded R&D function will drive future growth and position Assertio as a leader in the pharmaceutical industry.

6. Synergies and Cost Efficiencies

The acquisition of Spectrum Pharmaceuticals is expected to generate synergies and cost efficiencies for Assertio Holdings. By combining the strengths and resources of both companies, Assertio can streamline operations, optimize supply chains, and reduce duplication of efforts. These synergies will lead to improved profitability and a more competitive position in the market.

7. Updated Guidance and Future Outlook

As the transaction approaches its closing date, Assertio Holdings plans to provide updated guidance on its second-quarter results call, scheduled for August 3. This guidance will shed

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