Retrophin Announces Agreement to Acquire Manchester Pharmaceuticals

13-02-2014 Business Wire HealthComments (0)

PharmaceuticalRetrophinUSA

Retrophin (NASDAQ: RTRX) today announced that it has signed an agreement to acquire Manchester Pharmaceuticals LLC, a privately-held specialty pharmaceutical company that focuses on treatments for rare diseases. Under the terms of the agreement, Retrophin will pay a total of $62.5 million, including an upfront payment of $29.5 million, plus royalties based on product sales. The transaction is expected to close by March 1, 2014. Manchester markets two drugs that

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