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Ipsen strengthens its position in the dynamic rare diseases segment

2023-01-09T16:55:19.649Z


DECRYPTION - The 3rd French laboratory pays 1 billion euros to acquire the American biotech Albireo. Ipsen intends to play in the big leagues. To achieve this, the third French laboratory - behind Sanofi and Servier - is betting in particular on acquisitions. It will thus pay nearly 1 billion euros to get its hands on the American biotech Albireo, based in Boston. The operation, which is done with a premium of more than 100% compared to the average price of the title, allows it to strengthen itse


Ipsen intends to play in the big leagues.

To achieve this, the third French laboratory - behind Sanofi and Servier - is betting in particular on acquisitions.

It will thus pay nearly 1 billion euros to get its hands on the American biotech Albireo, based in Boston.

The operation, which is done with a premium of more than 100% compared to the average price of the title, allows it to strengthen itself in rare diseases, one of the three pillars of the French group with oncology and neurosciences.

"

We are convinced that this is a solid growth opportunity for Ipsen

", declared David Loew, its managing director.

Ipsen, which achieved 2.9 billion euros in sales in 2021, particularly coveted Bylvay, a "

very promising drug with potential in rare liver diseases

".

It is the first approved treatment for progressive familial intrahepatic cholestasis, a rare disease affecting bile secretion, which affects 1,250 patients…

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Source: lefigaro

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