AstraZeneca to Acquire Ardea Biosciences And Lead Product Lesinurad
AstraZeneca is acquiring San Diego-based Ardea for $32 per share.
AstraZeneca has announced that it is to acquire biotechnology company Ardea Biosciences for approximately $1.26 billion.
The biopharmaceutical giant will acquire Ardea's lead product, lesinurad, as part of the deal.
Lesinurad is currently in phase-III development for the management of hyperuricaemia in patients with gout and regulatory filings with the US Food and Drug Administration and the European Medicines Agency are expected to be submitted in 2014.
David Brennan, chief executive officer of AstraZeneca, said: "This attractive phase-III programme is an excellent opportunity to leverage AstraZeneca's global specialty and primary care sales and marketing capabilities."
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