SteadyMed set to be acquired by United Therapeutics
Shares in specialty Israeli pharma SteadyMed (Nasdaq: STDY) closed 77% up at $4.70 on Monday with the news that it is to be acquired by US drugmaker United Therapeutics (Nasdaq: UTHR).
As long as SteadyMed achieves a milestone related to the commercialization of Trevyent (treprostinil), the deal will be worth $216 million.
SteadyMed is a specialty pharma focused on the development and commercialization of drugs to treat orphan and high-value diseases with unmet parenteral delivery needs.
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