UK drugmaker Shire has agreed to acquire the USA's New River Pharmaceuticals for $64 per share, or $2.6 billion in total, in an all-cash transaction unanimously recommended by the boards of both companies. In January 2005, Shire entered into an accord with New River to develop and co-promote NRP104, now known as Vyvanse (lisdexamfetamine dimesylate) for attention-deficit and hyperactivity disorder, before Phase II data were available for the drug. In December 2006, New River received a second approvable letter for the agent from the US Food and Drug Administration and Shire now plans to launch the pediatric indication and file a supplemental New Drug Application for the adult form in the second quarter of the year.
The acquisition of New River will allow Shire to capture the full economic value of Vyvanse, and gain control of its future development and commercialization, which is consistent with its stated focus on the growing ADHD market. It allows the company to progress and benefit from its successful strategy of developing and marketing specialty products, as well as gain access to New River's pipeline which includes NRP290, for acute pain, and NRP409, a replacement or supplemental therapy in patients with primary hypothyroidism and other indications.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze