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Horizon's Poor Primary Care Performance Overshadows River Vision Buy

 
• By Alexandra Shimmings

Horizon's deal to buy River Vision to bolster its orphan product pipeline is cast into the shade by a disappointing first quarter performance for its primary care business.

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Horizon Pharma's orphan drug business is in the ascendant

A poor first quarter for Dublin, Ireland-headquartered Horizon Pharma PLC's primary care business leading it to lower its full-year revenue guidance and causing a 35% share price plunge on May 8 has overshadowed its acquisition of River Vision Development Corp., a deal which is expected to boost its fast-growing orphan drug segment, and a strong performance of its orphan drugs portfolio.

The buy allows Horizon to get its hands on River's key pipeline product teprotumumab (RV001) for a rare inflammatory eye disorder. It builds on the purchase of of Raptor Pharmaceutical Corp. just last September, which was also designed to nurture Horizon's orphan disease sector. This followed other small acquisitions of Hyperion Therapeutics Inc

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