UPDATE 1-Belgium's UCB to buy Ra Pharmaceuticals in $2.1 bln cash deal [Reuters]
RA PHARMACEUTICALS (RARX)
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Source: Reuters
Belgium's UCB to buy Ra Pharmaceuticals in $2.1 billion cash deal - Reuters 2 Min Read (Reuters) - UCB has agreed to acquire U.S.-based Ra Pharmaceuticals for $2.1 billion, both companies reported on Thursday, in a deal that will enable the Belgian drugmaker to offer new treatment opportunities for several rare diseases in neurology and immunology. “Ra Pharma is an excellent strategic fit addressing multiple areas of UCB’s patient value growth strategy,” UCB’s Chief Executive Officer Jean-Christophe Tellier said in a joint statement. Tellier added that the acquisition would generate six potential product launches in the next five years, strengthening the company’s neurology and immunology franchises with late and early-stage pipeline projects. The acquisition of the clinical-stage biopharmaceutical company, which was founded in 2008, is expected to contribute to UCB’s core earning per share and increase its revenue and net profit from 2024 onwards. It would not impact UCB’s financial
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