BioCentury
ARTICLE | Financial News

Actelion spinout Idorsia rises in first trading day

June 16, 2017 7:33 PM UTC

Idorsia Ltd. (SIX:IDIA) gained CHF3.65 (37%) to CHF13.65 in its first day of trading on Friday. The closing price valued the company at CHF1.5 billion ($1.5 billion).

Idorsia was spun out of Actelion Ltd. (SIX:ATLN), which Johnson & Johnson (NYSE:JNJ) acquired in a deal that closed Friday. Each Actelion shareholder received one Idorsia share per Actelion share held on June 13 (see BioCentury, Feb. 3 & BioCentury Extra, June 9)...

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Actelion Ltd.

Idorsia Ltd.