A PYMNTS Company

US: Horizon Pharma buys Crealta Holdings for $510 million cash

By  |  December 13, 2015

Horizon Pharma said today it has agreed to acquire Crealta Holdings for $510 million in cash, in a deal that expands and broadens the buyer’s orphan drug business.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The deal reflects Horizon Pharma’s long-range plan, which calls for orphan drugs to account for approximately 60% of net sales in 2020. The acquisition adds Crealta’s marketed KRYSTEXXA®, the first and only FDA-approved treatment for chronic refractory gout, to Horizon Pharma’s offerings.

    Since the biologic was approved in 2010, between 4,000 and 5,000 patients have been treated with KRYSTEXXA, Horizon Pharma said.

    Crealta inherited KRYSTEXXA after acquiring Savient Pharmaceuticals for about $120.4 million, in a deal approved in December 2013 by the U.S. Bankruptcy Court for the District of Delaware. Horizon Pharma noted that KRYSTEXXA enjoys intellectual property protection through 2027.

    “We expect to expand the number of patients identified and treated with KRYSTEXXA. As with all of our orphan medicines, we plan to maximize additional development opportunities of KRYSTEXXA,” Timothy Walbert, Horizon Pharma’s chairman, president and CEO, said in a statement.

    Full content: Street Insider

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.