{"id":26410,"date":"2022-08-12T09:00:00","date_gmt":"2022-08-12T07:00:00","guid":{"rendered":"https:\/\/d36deud6t4mnhi.cloudfront.net\/press-releases\/ipsen-completes-acquisition-of-epizyme-expanding-its-portfolio-in-oncology\/"},"modified":"2023-09-27T17:21:25","modified_gmt":"2023-09-27T15:21:25","slug":"ipsen-completes-acquisition-of-epizyme-expanding-its-portfolio-in-oncology","status":"publish","type":"press_release","link":"https:\/\/www.ipsen.com\/press-releases\/ipsen-completes-acquisition-of-epizyme-expanding-its-portfolio-in-oncology\/","title":{"rendered":"Ipsen completes acquisition of Epizyme expanding its portfolio in oncology"},"content":{"rendered":"\n

PARIS, FRANCE,<\/strong> 12 August 2022 \u2013 Ipsen (Euronext: IPN; ADR: IPSEY) today announced the closing of the definitive merger agreement under which Ipsen has acquired Epizyme, Inc. (Epizyme). Pursuant to the transaction, Ipsen acquires all outstanding shares of Epizyme for $1.45 per share plus a contingent value right (CVR) of $1.00 per share. Epizyme now operates as \u2018an Ipsen company\u2019 at deal close.<\/p>\n\n\n\n

As part of the transaction, Ipsen acquires Epizyme\u2019s lead medicine, Tazverik\u00ae<\/sup> (tazemetostat), a first-in-class, chemotherapy-free EZH2a<\/sup> inhibitor, which was granted Accelerated Approval by the U.S. Food and Drug Administration (FDA) in 2020. It is currently indicated for adults with relapsed or refractory follicular lymphoma (FL) whose tumors are positive for an EZH2 mutation as detected by an FDA-approved test and who have received at least two prior systemic therapies, and for adult patients with relapsed or refractory follicular lymphoma who have no satisfactory alternative treatment options, as well as for adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection.1<\/sup><\/p>\n\n\n\n

Ipsen also acquires Epizyme\u2019s first-in-class, oral SETD2 inhibitor development candidate, EZM0414, which was granted FDA Fast Track status in 2021 and is currently under evaluation in a recently initiated Phase I\/Ib trial in adult patients with relapsed or refractory multiple myeloma and diffuse large B-cell lymphoma, as well as a portfolio of preclinical programs focusing on epigenetic targets.<\/p>\n\n\n\n

\u201cThroughout the pre-close phase of planning, we have continued to be impressed by the potential of Tazverik, as well as the rest of the pipeline. Now that the deal is closed, we are excited to be working closely with our Epizyme colleagues to leverage Ipsen\u2019s established infrastructure so that these medicines may reach more patients. Additionally, through this transaction Ipsen gains scientific expertise and we look forward to integrating the two teams which share the goal of delivering innovative treatment options to underserved patients,\u201d said David Loew, Chief Executive Officer of Ipsen.<\/p>\n\n\n\n

About Tazverik<\/strong>\u00ae<\/strong><\/sup> (tazemetostat)<\/strong><\/p>\n\n\n\n

Tazverik is a methyltransferase inhibitor indicated for the treatment of:<\/p>\n\n\n\n