Sector News

Rumours resurface over Shire NPS bid

December 18, 2014
Life sciences
The rumour mill is running wild with renewed reports of a possible marriage between Dublin, Ireland-based Shire and US group NPS Pharmaceuticals.
 
As first reported by Bloomberg, citing sources close to the situation, Shire is considering making an offer for NPS should its flagship hormone replacement therapy Natpara receive a green light from US regulators.
 
Natpara (recombinant human parathyroid hormone) was filed with the US Food and Drug Administration in October for the treatment of hypoparathyroidism, and a decision is expected towards the end of January.
 
Though neither party has yet commented on the move, shares in NPS had leapt 20% and Shire’s stock was up nearly 3% in mid-afternoon trading on the Nasdaq on Wednesday.
 
Interestingly, these are not the first whispers of such a deal; back in June various media reports were suggesting that Shire is planning to make an offer in the region of $4 billion for NPS, though these soon were quashed by the US group.
 
By Selina McKee
 
Source: Pharma Times

comments closed

Related News

November 1, 2024

AbbVie to buy US biotech firm Aliada for $1.4 Billion

Life sciences

US drugmaker AbbVie has signed an agreement to acquire biotechnology company Aliada Therapeutics, which develops therapies for central nervous system (CNS) diseases using a novel blood-brain barrier (BBB)-crossing technology to address challenging central nervous system (CNS) diseases.

November 1, 2024

Noninvasive brain stimulation slows Alzheimer’s disease in yearlong trial

Life sciences

In a yearlong phase 2 study, Sinaptica Therapeutics’ personalized, precision transcranial magnetic brain stimulation slowed the progression of cognitive decline in patients with mild to moderate Alzheimer’s by 44% compared to the sham control group. Cognitive function was measured using Clinical Dementia Rating Scale Sum of Boxes scores.

November 1, 2024

GSK acquires lupus drug candidate from Chimagen Biosciences

Life sciences

Under the terms of this agreement, GSK will pay $300 million upfront to acquire full global rights to CMG1A46. In addition, Chimagen will be eligible to receive success-based development and commercial milestone payments for CMG1A46 totaling $550 million.