News
Horizon Pharma Acquires Crealta Holdings to Strengthen Position in Orphan Drug Market
12/17/2015
Horizon Pharma plc has entered into a definitive agreement to acquire Crealta Holdings LLC in a cash deal valued at $510 million, according to Zacks Equity Research. The acquisition is expected to close in the first quarter 2016.
The deal will add Krystexxa (pegloticase) to Horizon Pharma’s orphan drug portfolio, which already includes Actimmune (Interferon gamma-1b) and Buphenyl (sodium phenylbutyrate). Pegloticase is the first and only FDA-approved medicine for chronic refractory gout, notes Zacks.
The company expects to utilize its rheumatology sales force and orphan drugs marketing expertise to increase the number of patients identified and treated with pegloticase.
Horizon Pharma is focused on expanding its orphan drug business, as evidenced by its long-range plan, wherein the orphan business is expected to constitute approximately 60% of net sales in 2020, according to Zacks.
Earlier this year, Horizon Pharma acquired Hyperion Therapeutics in a deal valued at about $1.1 billion.—Dean Celia


