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PHARMACEUTICALS
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Irvine's Spectrum Pharmaceuticals acquires RIT Oncology

Company will market Non-Hodgkin's Lymphoma treatment in U.S.

By Kristen SchottPublished: March 16, 2009 09:49 AM

Irvine-based Spectrum Pharmaceuticals recently completed its acquisition of RIT Oncology LLC to commercialize Zevalin, a therapy for Non-Hodgkin's Lymphoma, in the United States.

Through the agreement, Spectrum holds full ownership of RIT and will be responsible for all future activities relating to Zevalin. The company will also book all of Zevalin's revenues.

“We are excited to have 100 percent ownership of Zevalin,” says the company's president, chairman and CEO, Rajesh C. Shrotriya, M.D. “Recent clinical data have dramatically underscored the clinical benefits of ZEVALIN in NHL (Non-Hodgkin's Lymphoma)."

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