Sunday 11 January 2015

Shire to buy NPS for $5.2 billion to boost rare disease drugs

A sign sits in front of Shire's manufacturing facility in Lexington, Massachusetts By Ben Hirschler LONDON (Reuters) - Shire Plc has agreed to buy NPS Pharmaceuticals Inc for $5.2 billion in its biggest acquisition yet, as the Dublin-based drugmaker strengthens its position in the lucrative field of medicines for rare diseases. The takeover continues the breakneck pace of deal-making seen in 2014 in the pharmaceuticals sector, where companies are jockeying for promising assets as a wave of new drugs emerges from research laboratories. Shire Chief Executive Flemming Ornskov told Reuters he would keep looking for more deals to grow the company into a biotech powerhouse. ...




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