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Allergan to Buy Vitae Pharmaceuticals for $639 Million

Allergan to Buy Vitae Pharmaceuticals for $639 Million

Source: Allergan PLC agreed to acquire clinical-stage biotechnology company Vitae Pharmaceuticals Inc. for $639 million, more than double its market value, in a move aimed at strengthening the drugmaker’s skin-care pipeline. The price values Vitae at $21 a...
Horizon Pharma to buy Raptor Pharma for $800 mln

Horizon Pharma to buy Raptor Pharma for $800 mln

Source: Horizon Pharma Plc (HZNP.O) said it would buy Raptor Pharmaceutical Corp (RPTP.O) for nearly $800 million to bolster its portfolio of drugs to treat rare diseases and reduce its dependence on the primary care market. The deal will give Horizon drugs used to...
Celgene off-label marketing lawsuit documents unsealed

Celgene off-label marketing lawsuit documents unsealed

Source: Celgene ($CELG) has successfully fought off several lawsuits suggesting the success of its blockbuster multiple myeloma meds Revlimid and Thalomid relied on aggressive off-label marketing. A California whistleblower case, however, has moved forward with the...
Dermatology biotech Novan goes for $60M IPO

Dermatology biotech Novan goes for $60M IPO

Source: FierceBiotech The late-stage skin condition biotech Novan is looking to batter ongoing headwinds and gun for a $60 million public offering. The Durham, NC-based company, which is around a decade old, is working on nitric oxide based therapies for dermatologic...
Allergan’s newest Kybella targets? Bra-line, ankle fat

Allergan’s newest Kybella targets? Bra-line, ankle fat

Source: Allergan ($AGN) thinks facial injectable Kybella has the potential to one day bank Botox-level sales. And the company is starting up a couple new studies to help it get there. The Dublin drugmaker is initiating trials of the med in bra-line fat and fat around...