Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information please take a look at our terms and conditions. Some parts of the site may not work properly if you choose not to accept cookies.


Subscribe or Register

Existing user? Login


Pharmaceutical companies

Shire announces US$5.2bn acquisition of NPS Pharmaceuticals

Shire has announced a US$5.2bn acquisition of the US company NPS Pharmaceuticals following unanimous approval by both company boards.

The move, announced on 11 January 2015, comes just three months after a proposed merger between Shire and AbbVie fell through after a change of heart by the US company.

Shire, based in Dublin, said in a statement that it plans to grow the rare disease management and gastrointestinal disorders portfolios currently held by NPS Pharmaceuticals following the acquisition.

“The acquisition of NPS Pharma is a significant step in advancing Shire’s strategy to become a leading biotechnology company,” its chief executive officer Flemming Ornskov said. “The NPS Pharma organisation will be a welcome addition to Shire as we continue to help transform the lives of patients with rare diseases.”

Francois Nader, managing director, president, chief executive officer and director of NPS Pharmaceuticals, which is headquarted in Bedminster, New Jersey, said: “We believe that joining our two companies will ensure we continue to transform the lives of patients with short bowel syndrome, hypoparathyroidism and autosomal dominant hypocalcemia worldwide.

“I am confident that this transaction will accelerate our ambition of creating a world where every person living with a rare disease has a therapy.”

Citation: The Pharmaceutical Journal DOI: 10.1211/PJ.2015.20067557

Have your say

For commenting, please login or register as a user and agree to our Community Guidelines. You will be re-directed back to this page where you will have the ability to comment.

Recommended from Pharmaceutical Press

  • Making Medicines

    Making Medicines

    An illustrated history of therapeutics and pharmacy, from the Egyptians through to the present day.

    £27.00Buy now
  • Print
  • Share
  • Comment
  • Save
  • Print Friendly Version of this pagePrint Get a PDF version of this webpagePDF

Newsletter Sign-up

Want to keep up with the latest news, comment and CPD articles in pharmacy and science? Subscribe to our free alerts.