Announced
Financials
Tags
Single Bidder
Acquisition
Friendly
treatment development
Pharmaceuticals
Minority
Pending
biopharma
Public
United States
Private Equity
Synopsis
Acquisition of a 10% stake in Strongbridge, a commercial-stage biopharmaceutical company, by Novo Nordisk, a global health care company with 95 years of innovation and leadership in diabetes care. The purchase price was approximately $37m. “The upfront payment and equity investment from Novo Nordisk will significantly strengthen the Company’s overall financial position and marks a tremendous step forward in Strongbridge’s continued evolution as a company dedicated to rare diseases,” said Matthew Pauls, president and chief executive officer of Strongbridge Biopharma.
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