Although enough shares have already been tendered, Shire has extended its $4.2bn tender offer for the US orphan disease drug maker ViroPharma for a second time. The company told Scrip that it was waiting for clearance for the merger from the UK's Office of Fair Trading. The competition authority's decision is due on 10 February.
Shire and ViroPharma both sell products for the rare disease hereditary angioedema (HAE), but whereas ViroPharma's Cinryze (human C1 esterase inhibitor) is used preventively, Shire's Firazyr (icatibant injection) is used...
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Scrip for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?