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Defense production act commandeers drug production capacity for vaccines, forcing contract manufacturer to stop producing rare eye disease drug for Horizon Therapeutics

Horizon Horizon in December announced it would delay new patients from starting Tepezza treatment to conserve supply for existing users.  Invoking the Defense Production Act is helping increase supply of badly needed COVID-19 vaccines, bringing the U.S. one step closer to ending the pandemic—but as one local drug company has learned, theres a catch. The government mandate to prioritize vaccine production at a biologics manufacturing facility has led to a shortage of Horizon Therapeutics top-...
Tarek Abdallah Tim Walbert Joe Biden Northwestern University Kellogg School Of Management Defense Production Act Horizon Therapeutic

Defense Production Act Speeds Up Vaccine Production

Listen • 3:29 In a February visit to Pfizers Kalamazoo, Mich., manufacturing complex, President Biden said the administration had "used the Defense Production Act to speed up the supply chain for ... key equipment, like fill pumps and filters, which has already helped increase vaccine production." In the run-up to President Bidens promise on March 2 that there would be enough COVID-19 vaccines for every adult in the United States by the end of May, he talked up a Korean Wa...
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Source: wlrn.org

Horizon Therapeutics plc Named as One of the Best Workplaces in Ireland

Posted on 7398 Horizon Therapeutics plc (Nasdaq: HZNP) today announced that it has been recognized as one of the Best Workplaces in Ireland 2021 by Great Place to Work Ireland, ranking No. 12 in the small company category. This is the second year that Horizon has been named to the list. “We are honored to be named a Great Place to Work in Ireland,” said Tim Walbert, chairman, president and chief executive officer, Horizon. “Thi...
United States Tim Walbert Ray Gordon Companies To Work Horizon Therapeutics Best Workplaces

Horizon Therapeutics (HZNP) Stock Hits New 52-Week High on Solid Q4 Results

Horizon Therapeutics (HZNP) Stock Hits New 52-Week High on Solid Q4 Results Horizon Therapeutics PLC (NASDAQ:HZNP) was founded in 2008 with a handful of employees and extremely limited resources. The biopharmaceutical company went public in 2011 by pricing 5.5 million shares of its common stock at $9 each share. Since then, its share price has climbed more than 900 percent. Today, Horizon’s product lineup includes some critical drugs such as Tepezza for treating thyroid eye disease (TED) and...
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Horizon Therapeutics to acquire Viela Bio for $3bn

Horizon Therapeutics to acquire Viela Bio for $3bn Horizon Therapeutics will acquire Viela Bio, helping expand its pipeline for long term growth. Through the acquisition, Dublin-headquartered Horizon Therapeutics will grow its rare disease medicine portfolio, gaining Uplizna (inebilizumab-cdon), the first and only FDA-approved B-cell-depleting humanized monoclonal antibody for the treatment of eye disease neuromyelitis optica spectrum disorder (NMOSD)  Viela Bio �...
United States Bing Yao Viela Bio Tim Walbert Viela Bio Inc Dublin Headquartered Horizon Therapeutics

Horizon bolsters rare disease portfolio with $3bn Viela Bio acquisition

Horizon bolsters rare disease portfolio with $3bn Viela Bio acquisition Vielas portfolio of assets includes FDA-approved NMOSD therapy Uplizna Horizon Therapeutics has entered into a definitive agreement to acquire Viela Bio for $3bn, in an effort to strengthen its rare disease portfolio. Viela Bio spun out of AstraZeneca’s Medimmune biologics unit in 2018 with six molecules and $250m in funding from a number of investors. Currently, Viela has one US Food and Drug Administration (FDA) approv...
Bing Yao Viela Bio Tim Walbert Astrazeneca Medimmune Drug Administration பிங் யாவ்
Source: pmlive.com

Horizon Therapeutics boosts rare-disease portfolio with $3.05 billion Viela Bio buy

By Reuters Staff 2 Min Read (Reuters) -Horizon Therapeutics Plc on Monday agreed to buy Viela Bio Inc for about $3.05 billion in a move to expand its rare-disease portfolio. Viela’s only approved drug, Uplizna, is used to treat a rare, severe, neuroinflammatory disease named neuromyelitis optica spectrum disorder that attacks the optic nerve spinal cord and brain stem. “This acquisition represents a significant step forward in advancing our strategy – to expand our pipeline in order to ac...
Tim Walbert Shinjini Ganguli Trisha Roy Thomson Reuters Trust Principles Viela Bio Inc Chief Executive Officer Tim Walbert

UPDATE: Horizon Therapeutics to acquire Viela Bio in deal with equity value of $3.05 billion

UPDATE: Horizon Therapeutics to acquire Viela Bio in deal with equity value of $3.05 billion Horizon Therapeutics Plc said Monday it has agreed to acquire Viela Bio Inc. for $53 a share in cash, or an equity value of about $3.05 billion. The deal is expected to close by the end of the first quarter. “Adding Viela’s research and clinical development capabilities along with its deep, mid-stage biologics pipeline to our seasoned R&D and commercial teams, advances our transformation to an innov...
Tim Walbert Viela Bio Inc Horizon Therapeutics Plc Viela Bio Horizon Chief Executive Tim Walbert Pulse Stories

Horizon acquires Viela Bio for $3B in a windfall for AstraZeneca

Dive Brief: Horizon Therapeutics has agreed to acquire Viela Bio, a spinout of AstraZeneca, in a deal that values the Maryland-based biotech at roughly $3 billion. Horizon will pay $53 per share for Viela, which in June won U.S. approval for Uplizna, a treatment for the rare autoimmune disease neuromyelitis optica spectrum disorder, or NMOSD. The price represents a roughly 53% premium for Viela, whose drug competes for market share with medicines from Roche and Alexion Pharmaceuticals.   The ...
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