Intermune Will Divest Rights to Vidara for $55M in Cash, Plus 2 Year Royalty Stream

InterMune, Inc. ITMN today announced that it has reached a definitive agreement with Vidara Therapeutics International Limited (Vidara) to sell its rights to Actimmune® (interferon gamma-1b) in a cash transaction valued at $55 million plus a two-year royalty stream.  Vidara is part of an international specialty pharmaceutical group of companies with operations in Ireland and the United States.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsAsset SalesFDA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!