Clementia takeout to bolster Ipsen’s orphan pipeline

Ipsen Group (Euronext:IPN; Pink:IPSEY) will broaden its rare disease pipeline by acquiring Clementia Pharmaceuticals Inc. (NASDAQ:CMTA) for $1 billion up front.

At $25 per share, the deal price is a 67% premium to Clementia's close of $14.94 on Feb. 22, before the deal was announced. Ipsen’s offer includes a $6 per share contingent value right (CVR) tied to Clementia lead compound palovarotene (R667) that is

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