Allergan acquires Constella and reacquires Mexican rights to Linzess from Almirall
US pharma company Allergan (NYSE: AGN) has acquired rights to Constella (linaclotide) in mroe than 40 countries from Spanish firm Almirall (ALM: MC), as well as reacquiring the rights to Linzess (linaclotide) in Mexico from Almirall.
Almirall shares gained 3.4% to 17.22 euros on the announcement of the 64 million euros ($70.8 million) product sale.
Allergan has acquired an exclusive license for Constella in these countries, which includes the development and commercialization of Constella for the treatment of irritable bowel syndrome with constipation (IBS-C), chronic idiopathic constipation and (CIC) and other gastrointestinal (GI) conditions.
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