Biotechnology M&A » By The Online Investor Staff, updated Tue., Apr. 20, 2:50 AM
Recent mergers and acquisitions in the Biotechnology M&A category.
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Slide #22. Retrophin — Manchester Pharmaceuticals
Acquirer:
Retrophin (RTRX)
Acquiree:
Manchester Pharmaceuticals
Details:
Retrophin, Inc. (NASDAQ:RTRX) today announced that it has signed an agreement to acquire Manchester Pharmaceuticals LLC, a privately-held specialty pharmaceutical company that focuses on treatments for rare diseases. Under the terms of the agreement, Retrophin will pay a total of $62.5 million, including an upfront payment of $29.5 million, plus royalties based on product sales. The transaction is expected to close by March 1, 2014.
Retrophin is a biopharmaceutical company focused on identifying, developing and delivering therapies to people living with rare diseases. Co.'s commercialized products include Chenodal (chenodiol tablets) for the treatment of radiolucent stones in well-opacifying gallbladders in patients; Cholbam (cholic acid capsules), a treatment for pediatric and adult patients with bile acid synthesis disorders due to single enzyme defects, and for adjunctive treatment of patients with peroxisomal disorders; and Thiola and Thiola EC (tiopronin), a treatment for cystinuria, a genetic cystine transport disorder that causes high cystine levels in the urine and the formation of recurring kidney stones.
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Avg. Broker Rec.
 
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Strong Buy (3.75 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: RTRX Stock Forecast Based on Zacks ABR data; powered by Xignite |
