We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
BioMarin Pharmaceutical Inc | NASDAQ:BMRN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.62 | 0.81% | 77.59 | 77.57 | 77.59 | 78.03 | 76.02 | 76.40 | 2,252,232 | 19:35:34 |
Retrophin Inc. on Wednesday said it agreed to sell a special voucher meant to speed drug approval to French drug maker Sanofi SA for $245 million in cash.
Shares of Retrophin, up 87% in the past year, added 7% to $28.70 in premarket trading.
Retrophin obtained the rare-pediatric-disease priority-review voucher as part of a deal earlier this year to buy Cholbam from Asklepion Pharmaceuticals LLC after the drug was approved by the U.S. Food and Drug Administration for treatment of a pair of genetic metabolic disorders.
Sanofi will make an initial payment of $150 million, followed by two payments of $47.5 million each in 2016 and 2017.
The voucher is part of an incentive program established by the FDA to encourage development of drugs for rare pediatric diseases. The voucher entitles the holder to ask the FDA for priority review of a drug application that would otherwise get a standard review. That could shorten the review process to six months from the standard 10 months.
Last July, Sanofi and Regeneron Pharmaceuticals Inc. agreed to pay $67.5 million to buy BioMarin Pharmaceuticals Inc.'s pediatric voucher, a move to help them speed their experimental cholesterol drug to the market.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
Access Investor Kit for Sanofi
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FR0000120578
Access Investor Kit for BioMarin Pharmaceutical, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US09061G1013
Access Investor Kit for Regeneron Pharmaceuticals, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US75886F1075
Access Investor Kit for Sanofi
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US80105N1054
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year BioMarin Pharmaceutical Chart |
1 Month BioMarin Pharmaceutical Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions