Swiss pharmaceuticals wholesale group, Galenica Holding has acquired US biotech Relypsa (Nasdaq: RLYP) in a deal valued at more than $1.5 billion.
The acquisition has strengthened Galenica’s business unit, Vifor Pharma, and affirms the group’s commitment to separate into two independent listed companies. It brings to Vifor Pharma a dedicated US commercial organization and global rights to Veltassa (patiromer), a potassium binder for the treatment of hyperkalaemia.
The directors of both Relypsa and Galenica have approved the terms of the merger agreement, and the board of the former company has resolved to recommend that shareholders accept the offer.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze