Takeda to Acquire URL Pharma for $800 Million
Company makes bolt-on acquisition to enhance position in gout marketplace.
Takeda Pharmaceutical has agreed to acquire URL Pharma for an upfront payment of $800 million and future performance-based, contingent, earn-out payments. The company announced the deal last week.
URL Pharma’s lead product is Colcrys (colchicine), a drug used to treat and prevent gout flares. Net sales for Colcrys in calendar year 2011 were more than $430 million, accounting for a major portion of URL’s 2011 revenues of $600 million. The drug complements Takeda’s position in the gout marketplace with Uloric (febuxostat), which is used to lower blood uric acid levels in adults with gout.
URL is headquartered in Philadelphia and has approximately 500 employees. In addition, URL Pharma has a contracted sales force consisting of approximately 350 individuals. The deal is expected to close in 60 days.
Drug Solutions Podcast: Gliding Through the Ins and Outs of the Pharma Supply Chain
November 14th 2023In this episode of the Drug Solutions podcast, Jill Murphy, former editor, speaks with Bourji Mourad, partnership director at ThermoSafe, about the supply chain in the pharmaceutical industry, specifically related to packaging, pharma air freight, and the pressure on suppliers with post-COVID-19 changes on delivery.
