Jazz Pharmaceuticals to Take over Azur Pharma
The new company will have 12 products currently marketed in the US in the CNS and women's health areas and is expected to have revenues of more than $475m and generate cash of more than $200m in the first 12 months following the closure of the deal.
US drugmaker Jazz Pharmaceuticals, Inc is to take over Dublin-based Azur Pharma to create a specialist pharmaceutical company with a diversified portfolio of products. The combined company will be called Jazz Pharmaceuticals plc and will be based in Ireland, with operations in Palo Alto, California and Philadelphia.
The deal is expected to close during the first quarter of 2012.
Upon completion of the all-stock deal, shareholders of Jazz Pharmaceuticals, Inc would own just less than 80% of Jazz Pharmaceuticals plc, and Azur Pharma shareholders slightly more than 20%.
Azur Pharma is a privately held specialist pharmaceutical company headquartered in Ireland with US
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