After much speculation, Amgen, Inc. has announced it will acquire Horizon Therapeutics plc in a $27.8bn cash deal expected to strengthen its rare disease offering and extend its long-term growth potential, after rivals Sanofi and Johnson & Johnson dropped out of the contest for the Dublin-based biotech.
Amgen To Enhance Rare Disease Franchise With $27.8bn Horizon Takeover
Wins Three-Horse Race With Sanofi And J&J
The US major has announced its biggest acquisition to date in the form of a takeover that should expand its rare disease franchise and stave off concerns about internal products facing biosimilar competition.
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