Advanz Pharma to pay up to $450 million for Intercept's ex-US business
UK-based speciality and hospital pharmaceuticals company Advanz Pharma has signed an agreement with Intercept Pharmaceuticals (Nasdaq: ICPT) to acquire the majority of its subsidiaries and operations in Europe, Canada, and all other markets outside of the USA.
This includes the ex-US rights to commercialize Ocaliva (obeticholic acid) for primary biliary cholangitis (PBC), a progressive autoimmune disease that damages the bile ducts in the liver.
'High-quality rare disease business'
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