Ipsen to Acquire Clementia Pharmaceuticals to Significantly Boost Rare Disease Portfolio
- Clementia?s late-stage drug candidate, palovarotene, has rare pediatric disease and breakthrough therapy designations for the treatment of an ultra-rare bone disorder and a path to approval in 2020
- Acquisition to transform Ipsen?s Rare Disease portfolio by leveraging Clementia?s expertise and Ipsen?s global commercial footprint to provide life-altering treatments to patients with unmet medical needs
- Ipsen to acquire all outstanding shares of Clementia for a purchase price of US$25.00 per share in cash upfront plus a contingent value right (CVR) of US$6.00 per share related to the multiple osteochondromas indication for a total transaction value of up to US$1.31 billion
- Ipsen to host conference call today at 2:00pm CET
- Accelerating a global Rare Disease organization with the mission to bring treatment options for ultra-orphan diseases to patients worldwide
- Executing on a key strategic objective to increase the value of the pipeline with innovative first-in-class or best-in-class assets
- Acquiring a near-term launch opportunity of a largely de-risked asset with limited competition which enhances sustainable growth of the company with significant upside potential from additional indications
- Sales growth of greater than 13.0% at current exchange rates (unchanged)
- Core operating margin of around 30.0% of net sales (previous guidance of around 31.0% of net sales), excluding other potential investments in pipeline expansion initiatives