Transaction further establishes Norgine’s position as a partner of choice for commercialising rare and specialty pharmaceuticals in Europe
Norgine and Theravia announced that they have entered into a definitive agreement under which Norgine will acquire Theravia, an international pharmaceutical company specialising in cutting-edge treatments for patients with rare and debilitating conditions.
Recent deals with Fennec Pharma for PEDMARQSI and X4 Pharma for mavorixafor demonstrate Norgine’s strong emphasis on driving growth in rare disease and specialty medicines through acquisitions and in-licensing.
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Theravia’s innovations have resulted in successful launches of life-saving medications which have changed patient outcomes worldwide. Theravia has several products in the rare disease space, including SIKLOS, for adults and children with sickle cell disease, and ORPHACOL, a medicine for adults and children who have a genetic disorder that affects bile production by the liver. These products span both the rare haematology and rare hepatology therapeutic areas and are complementary to Norgine’s existing rare and specialty portfolio. The development of Theravia in the past few years has been supported by its majority shareholder Mérieux Equity Partners, a healthcare dedicated investment firm based in France.
“This acquisition is a unique opportunity for Norgine to bolster our growth trajectory, as well as our rare disease portfolio.” said Janneke van der Kamp, Chief Executive Officer, Norgine. “With our strong legacy and proven track record of successfully bringing innovative treatments to patients, we believe we are well placed to ensure the Theravia medicines reach their full potential.”
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Franck Hamalian, Chief Executive Officer, Theravia, added: “The joining of our companies brings together the skills, know-how and geographical presence that will create a European-based champion of rare and ultra rare disease. Our combined product portfolios and Norgine’s legacy and experience will enable broader access to medicines for patients with high unmet medical needs.”
With the acquisition of Theravia, Norgine will now have six core products in its rare disease portfolio (PEDMARQSI, eflornithine, mavorixafor, AGILUS, SIKLOS and ORPHACOL) thereby comprising a franchise of critical scale with the ability to be a key growth driver in the medium-to-long-term.
Norgine looks forward to building on this transaction as we continue to strengthen our platform for future acquisitions and in-licensing opportunities to drive growth.
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Source – businesswire
