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Shire plc Message Board

  • blackoutbuzz blackoutbuzz Jan 8, 2013 10:40 PM Flag

    Shire makes another acquisition

    Hard to tell if today's move up is because of the ongoing buyback or this little bit of news. Either way it's all good.

    --------------------------

    Shire will purchase the privately-held biotech firm Lotus Tissue Repair, located in Cambridge, Massachusetts. Lotus is presently developing the first and only protein replacement therapy currently being examined for the treatment of dystrophic epidermolysis bullosa which is a devastating orphan disease for which there is no approved treatment option other than palliative care. Shire will purchase the firm for an upfront payment and certain contingent payments based on the achievement of particular safety and development milestones.

 
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