BioCentury on BioBusiness,
Next steps for NPS after regaining global rights to Gattex, Natpara
Monday, March 25, 2013
Now that NPS
Pharmaceuticals Inc. has regained worldwide rights to two Orphan drugs
at a discount, the biotech must focus on building its global footprint.
Last week, Takeda
Pharmaceutical Co. Ltd. returned ex-North American rights to NPS for
Gattex/Revestive teduglutide and Natpara/Preotact recombinant human parathyroid
hormone 1-84 (PTH). Takeda, which gained the drugs as part of its 2011
acquisition of Nycomed, will receive 6.1 million NPS shares up front. The
shares are valued at $54.9 million based on NPS's closing price of $9.04 on
March 18, the day before the deal was announced.
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