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Ipsen Eyes Opportunity In Rare Liver Diseases With Albireo Buy

Stumping Up Over $950m Upfront

 
• By Kevin Grogan

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.

Ipsen
• Source: Alamy

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.

As the first parties at the J.P. Morgan Healthcare conference in San Francisco were breaking up, the French firm announced that it was initially paying $952m for Albireo and its bile acid modulators headed by Bylvay (odevixibat)

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