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Opko Embarks On Transition To Profitability With Discount Buy

 
• By Lisa LaMotta

The life sciences company picks up Transition Therapeutics in an all-stock deal that fleshes out its pipeline.

While Opko Health Inc. now has multiple revenue-generating products across its diverse portfolio, the company is still struggling to be profitable and lacks the strong pipeline to be a major player in diseases with under-served patient populations. With that in mind, Opko is picking up Transition Therapeutics Inc. at a deep discount in hopes of padding its pipeline.

The Miami-based company is acquiring Transition in an all-stock swap worth $60m, or $1.55 per share, that is expected to...

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