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Another UK Biotech Snapped Up As Neurocrine Buys Diurnal

US Firm Paying Just £48m

 
• By Kevin Grogan

Lack of scale, the need for further funding and problems getting reimbursement for its adrenal insufficiency products left the Wales-headquartered firm vulnerable to a takeover and San Diego's Neurocrine has swooped.

A pair of feet standing on a tarmac road with yellow arrow print pointing in three different directions for the concept of making decision at the crossroad.
Diurnal plumps for the takeover route • Source: Archive

Diurnal Group PLC's dream to remain independent and become a fully integrated firm has failed to materialize, with the UK biotech being bought by Neurocrine Biosciences, Inc. of the US for £48.3m ($56.7m).

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