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Shire to buy New Jersey-based NPS Pharma is $5.2B deal

2015-01-11 19:19:23| Biotech - Topix.net

Less than two months after announcing its U.S. headquarters will be in Massachusetts, Shire Pharmaceuticals is buying a New Jersey-based maker of gastrointestinal drugs, NPS Pharma for $5.2 billion. The purchase price represents a 51 percent premium to the share price of NPS when reports of the pending deal first emerged on Dec. 16, and is 9 percent higher than it's stock as of Friday's close.

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Category:Biotechnology and Pharmaceuticals

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