logo
  

Shire Considers Bid For NPS Pharma : Report

Irish drug company Shire Plc (SHP.L, SHPG) is considering a bid for NPS Pharmaceuticals Inc. (NPSP), Bloomberg reported citing people familiar with the matter said.

Quoting two of the people, the report said that the timing of any offer could depend on whether the U.S. Food and Drug Administration approves NPS's Natpara, a drug to treat hypoparathyroidism that if authorized would be the first marketed treatment for the potentially fatal disorder. The decision is scheduled to happen by January 24.

Separately, Shire disclosed in a regulatory that it agreed on a $2.1 billion revolving loan facility from a number of financial institutions. The revolving facility may be applied towards financing the general corporate purposes of the company.

SHPG closed Wednesday's regular trading at $215.25, up $6.49 or 3.11%. In after-hours, the share further gained $0.06 or 0.03%.

NPSP closed regular trading at $36.10, up $5.63 or 18.48%. In after-hours, the share further gained $0.10.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Major covid vaccine makers said they are investigating Omicron, the new, heavily mutated coronavirus variant that was first detected in South Africa, and working to adapt their vaccines, if needed. The World Health Organization, which named the new variant omicron, said the new strain is a "variant of concern" that could pose a higher risk of reinfection compared to the previous mutations. This Black Friday and the following holiday season, retailers across the United States are urged to keep up their inventory amid expected surge in shopping as majority of Americans wait till last minute to fill their baskets, according to certain studies. A new Oracle Retail survey, which was conducted last week and presented earlier this week, showed that 66 percent of consumers were less than Eagle, Idaho -based Flagship Food Group is recalling certain TJ Farms Select brand frozen cauliflower, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves a limited number of cases of TJ Farms Select cauliflower that comes in 16 oz. packages with lot code 2077890089 and UPC code 75544000604-3.
Follow RTT