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Alexion Pumps Up Its Rare Disease Portfolio With Enobia Acquisition

 
• By Lisa LaMotta

Alexion could pay as much as $1.08 billion for access to Enobia's mid-stage rare disease compound asfotase alpha.

Alexion Pharmaceuticals Inc. announced on Dec. 28 that it has agreed to pay up to $1.08 billion for privately held Enobia Pharma Inc. in a transaction that includes both upfront and milestone payments. The acquisition will broaden Alexion's presence in the ultra-rare disease treatment space; an area in which it already has acquired considerable expertise.

Under the terms of the agreement, Alexion will pay $610 million upfront in the all-cash transaction, as well as another $470 million to Enobia shareholders should the company's lead compound, asfotase alpha, achieve certain undisclosed regulatory and sales milestones

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