Drug company Horizon Therapeutics confirms it is in talks with potential suitors

  • 📰 ChicagoBreaking
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Horizon confirmed the discussions Tuesday in a news release

, saying its board is in “highly preliminary discussions” with Amgen, Janssen Global Services and Sanofi.The talks “may or may not lead to an offer being made for the entire share capital of the Company. There can be no certainty that any offer will be made for the Company,” Horizon said in the release.Horizon’s stock was up nearly 31% in after-hours trading.

Horizon, which is based in Ireland, was founded in 2008 with only a few workers but had more than 1,200 employees as of 2020. The company sells orphan drugs, which are medications for rare diseases, and drugs to treat rheumatic diseases.from Lake Forest to the old Takeda Pharmaceutical Co. building in Deerfield — a three-building, 650,000-square-foot campus visible from I-94. At the time, it said it planned to move about 500 employees to that Deerfield office.

In 2017, Horizon acquired River Development Corp., which was working on a medication to treat thyroid eye disease, for $145 million plus potential future payments contingent on the drug’s approval and sales. That thyroid eye disease drug, Tepezza, is now Horizon’s bestselling drug. Horizon sold nearly $491 million worth of Tepezza during the three months that ended Sept. 30.Horizon saw its net sales drop to $925.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 521. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks making the biggest moves after hours: Workday, CrowdStrike, Horizon Therapeutics and moreThese are the stocks posting the largest moves in after hours trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Rezo Therapeutics, Prosper Marketplace score $75M venture rounds - San Francisco Business TimesThe Thanksgiving holiday didn't stop a drug developer and an online lender from each raising a large new round.
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »

Rezo Therapeutics, Prosper Marketplace score $75M venture rounds - Silicon Valley Business JournalThe Thanksgiving holiday didn't stop a drug developer and an online lender from each raising a large new round.
Fonte: svbizjournal - 🏆 334. / 59 Consulte Mais informação »

Startup Mahzi Therapeutics targets autism, epilepsy related rare genetic brain disorders - San Francisco Business TimesThe 10-employee company, including veterans of rare disease drug developer Ultragenyx Pharmaceutical, has gathered $47.3 million.
Fonte: SFBusinessTimes - 🏆 78. / 68 Consulte Mais informação »