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Home » Galencia Acquires Relypsa for $1.53 Billion
Galencia Acquires Relypsa for $1.53 Billion
Galencia will purchase Relypsa for $1.53 billion, with an eye toward bolstering its specialty pharma unit Vifor Pharma.
Under the all-cash deal, Galencia will pay $32 per share, with the deal expected to close this fall.
The move provides the Swiss company’s business unit Vifor Pharma with a U.S commercial network in the cardio-renal market.
The drug was originally developed by Progenics as an injectable back in 2008, but was converted to a tablet after Progenics licensed the rights to Salix Pharmaceuticals in 2011. Salix was purchased three years later by Valeant for $11 billion.
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