AcelRx Pharmaceuticals completed the acquisition of Lowell Therapeutics for $33m.

AcelRx Pharmaceuticals, a specialty pharmaceutical company, completed the acquisition of Lowell Therapeutics, a pharmaceutical company, for $33m. "We are thrilled to finalize the acquisition of Lowell as we continue to execute on our strategy to expand our portfolio of innovative therapies for use in medically supervised settings with the addition of Niyad™, an investigational product that has received Breakthrough Designation status from the FDA. Niyad, as well as LTX-608, complement our existing portfolio of commercial and late-stage investigational products. We believe the peak sales for Niyad, once approved, could have the potential to reach up to $200m annually as there are currently no FDA-approved products for anticoagulation of the dialysis circuit," Vince Angotti, AcelRx Pharmaceuticals CEO.