Retrophin to acquire Manchester Pharma in $62.5 million deal

13 February 2014

USA-based Retrophin (OTCQB: RTRX) has signed an agreement to acquire Manchester Pharmaceuticals, a privately-held specialty pharmaceutical company that focuses on treatments for rare diseases.

Under the terms of the deal, Retrophin will pay a total of $62.5 million, including an upfront $29.5 million, plus royalties based on product sales. The transaction is expected to close by March 1, 2014.

Providing revenue guidance for the first time, Retrophin expects 2014 revenues to be in the range of $10 million to $12 million, and 2015 revenues in the range of $19 million to $21 million.

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