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Tuesday / May 21.
HomeminewsDrug Company’s $28 Billion Deal

Drug Company’s $28 Billion Deal

Rare disease drug company Horizon Therapeutics, maker of eye disease drugs Tepezza and Uplizna, will be acquired by Amgen in a deal valued at approximately US$28 billion.

Amgen said the purchase of the Dublin-based company is expected to close in the first half of this year.

…the purchase of the Dublin-based company is expected to close in the first half of this year

Tepezza (teprotumumab-trbw) is used for the treatment of people with thyroid eye disease (TED), a rare disorder in which the fatty tissues and muscles behind the eyes become inflamed, pushing the eyes forward and outwards.

Uplizna (inebilizumab-cdon) is used for treating adults with neuromyelitis optica spectrum disease (NMOSD). The monotherapy drug is the first and only B cell-depleting antibody approved for the disease.

In a news release announcing the deal, Amgen Chairman and CEO Robert A. Bradway said there was a “compelling strategic and financial rationale” for the acquisition of Horizon by Amgen.

He said “Amgen’s decades of leadership in inflammation and nephrology, combined with our global presence and world-class biologics capabilities” will enable many more patients to receive “first-in-class medicines” like Tepezza and Uplizna.

He said potential new medicines in Horizon’s pipeline would strongly complement Amgen’s own research and development portfolio.