Allergan Set to Buy Vitae

The Irish drugmaker has made a $639 million dollar offer to buy the US-based biopharma.

Written byBob Grant

| 1 min read

Listen with Speechify

0:00

1:00

WIKIMEDIA, REVISORWEBAllergan, the Ireland-based pharmaceutical company that makes Botox, is set to acquire Vitae Pharmaceuticals, which is developing treatments for psoriasis and other autoimmune conditions, for around $639 million. “The acquisition of Vitae is a strategic investment for Allergan that adds strength and depth to our innovative medical dermatology franchise,” said Allergan CEO Brent Saunders in a statement released this week (September 14). “Vitae has pioneered the discovery and development of highly differentiated first-in-class compounds in atopic dermatitis, psoriasis and autoimmune diseases, areas of medicine where innovation is needed for patients.”

The deal is expected to close by the end of this year.

Interested in reading more?

The Scientist ARCHIVES

Become a Member of

Receive full access to more than 35 years of archives, as well as TS Digest, digital editions of The Scientist, feature stories, and much more!

Join for free today

Already a member?

Add The Scientist as a preferred Google source to see more of our trusted coverage.

Meet the Author

Bob Grant
Go to The Scientist's LinkedIn Page
From 2017 to 2022, Bob Grant was Editor in Chief of The Scientist, where he started in 2007 as a Staff Writer. Before joining the team, he worked as a reporter at Audubon and earned a master’s degree in science journalism from New York University. In his previous life, he pursued a career in science, getting a bachelor’s degree in wildlife biology from Montana State University and a master’s degree in marine biology from the College of Charleston in South Carolina. Bob edited Reading Frames and other sections of the magazine.
View Full Profile