Ipsen SA has hit the acquisition trail again to snap up rare disease Albireo Ltd. in a near $1bn deal that should help soften the recent blow of the US Food and Drug Administration's rejection of the ultra-rare bone disorder therapy palvarotene.
Ipsen Eyes Opportunity In Rare Liver Diseases With Albireo Buy
Stumping Up Over $950m Upfront
The French firm is paying a 104% premium plus contingent value rights of an additional $10 per share to get hold of AstraZeneca spin-off Albireo and its lead asset Bylvay, which is approved for progressive familial intrahepatic cholestasis and is showing promise in two other more lucrative indications.
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