Jazz Pharmaceuticals to buy cannabis drugmaker GW Pharmaceuticals for $7.2 billion – The Philadelphia Inquirer

Jazz has an array of medications for cancer and other conditions and diseases, but is best known for its high-priced narcolepsy treatment Xyrem, which had sales of $1.64 billion in 2019. However, with the drug due to lose exclusivity soon, revenue from it was expected to peak at $1.75 billion in 2020, according to analyst estimates compiled by Bloomberg.

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