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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.

Star
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...

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