GE Healthcare’s acquisition of Rapidscan Pharma Solutions, Inc.

GE Healthcare’s Life Sciences business announced that it has acquired Rapidscan Pharma Solutions Inc., which has the exclusive rights to produce and sell the pharmacological stress agent Rapiscan® (regadenoson) in territories outside the USA, Canada and Mexico.

GE Healthcare’s strong industry presence and existing customer and supply chain network will help bring improved access to Rapiscan, offering an alternative screening method for patients who are unable to undergo traditional cardiac stress imaging procedures.

Rapiscan® is a European Medicines Agency (EMA) approved selective coronary vasodilator, used as a pharmacological stress agent for radionuclide myocardial perfusion imaging (MPI) in adult patients. It is used in the diagnosis of coronary artery disease (CAD), the most common type of cardiovascular disease, accounting for over 680,000 deaths in Europe alone.

GE Healthcare already distributes Rapiscan in the UK and Germany and will maintain existing supplier and distributor networks created by Rapidscan Pharma Solutions to expand its global reach. Its commercial rights will complement Astellas’ commercial distribution of regadenoson in the US, Canada, and Mexico.

Jones Day has advised GE Healthcare in connection with its acquisition of Rapidscan Pharma Solutions with a team led by Leon Ferera (picture) and Michael McGuinness.

Involved fees earner: Michael McGuinness – Jones Day; Leon Ferera – Jones Day;

Law Firms: Jones Day;

Clients: GE Healthcare;