Under the terms of the agreement, Shire
receives an equity stake in RaNA and is eligible for future milestones and royalties on products developed with the technology.
Next year, I'll be giving a talk about preserving the Shire
, and I'll be setting up a demonstration of the Shire
's flexibility and an extra stall with more information for people to read and take with them.
anticipates more than 30 recent and planned product launches from the combined pipeline, contributing approximately USD 5bn in annual revenues by 2020.
By contrast, Shire
believes DX-2930 has potential to expand the number of HAE patients treated and achieve annual worldwide sales of up to $2 billion, while enjoying exclusivity beyond 2030.
had considered the purchase of NPS earlier in the year, the people said.
A spokeswoman for Shire
said: "The decision to place SCM Pharma Limited into administration was taken by SCM's directors.
The takeover, priced with a 53-per cent premium for Shire
stock, comes after Ireland-based Shire
reversed its opposition to a deal earlier this week.
AbbVie's pursuit of Shire
comes just weeks after UK rm AstraZeneca fought o takeover interest worth PS69billion from US drugs giant Pzer.
AbbVie, which has until Friday to confirm an offer for Shire
, plans to move its domicile to the UK in a move that would cut its corporate tax rate.
Founded in the UK in 1986, Shire
is listed on the London Stock Exchange but has its tax base in Dublin and sells most of its products in North America.
called AbbVie's proposal "unsolicited and highly conditional" and said that it "fundamentally undervalued the company and its prospects.
It says thousands of companies rely on a Shire