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Horizon to buy Raptor
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HORIZON Pharma will spend about US$800 million to buy Raptor Pharmaceutical and expand its portfolio of rare disease treatments, a growing area of focus for drugmakers.
The Ireland-based drug developer said yesterday that the deal will strengthen its business in the United States and provide a platform to expand in Europe and other international markets.
Raptor’s portfolio includes Procysbi, which treats a rare metabolic disorder, and Quinsair, approved for managing a chronic pulmonary infection in adult patients with cystic fibrosis.
Horizon Pharma will pay US$9 in cash for each share of Raptor Pharmaceutical Corp and expects to finalize the purchase in the fourth quarter.
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