Ipsen to Acquire Albireo for USD 952 Million
Ipsen, a French pharmaceutical company, has offered USD 42 per share for the US biotech Albireo and its rare disease treatment Bylvay, continuing a recent spree of merger and acquisition activity. Albireo, a Boston-based business, is valued at USD 952 million under the terms of the agreement, with shareholders being eligible for an additional USD 10 per share payout under a contingent value right (CVR) if Bylvay (odevixibat) is approved for a follow-up indication.
Albireo has stated that sales of its ileal bile acid transport inhibitor (IBATi) medication, which was approved in the US and Europe in 2021 for the treatme...