Grünenthal boosts US presence with buy of Valinor

22 July 2024

German family-owned pain focused drugmaker Grünenthal has announced the acquisition of USA-based Valinor Pharma.

The deal has a total value of around $250 million inclusive of all royalty obligations and brings in rights to its product Movantik (naloxegol). Grünenthal will finance the transaction using available liquidity.

Movantik is indicated for the oral treatment of opioid-induced constipation (OIC) in adult patients with chronic non-cancer pain. The transaction further expands Grünenthal’s portfolio of established medicines and adds to the company’s growing US business. Gross sales from Movantik in the USA reached over $200 million in 2023.

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