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Business

GSK To Buy Reliant

November 26, 2007 | A version of this story appeared in Volume 85, Issue 48
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GlaxoSmithKline has agreed to acquire New Jersey-based specialty drug company Reliant Pharmaceuticals for $1.65 billion. Reliant, which had sales of $341 million in the first three quarters of the year, focuses on cardiovascular therapies licensed from other companies. Its key drug is Lovaza, a treatment for patients with very high levels of triglycerides. Lovaza was licensed from Norway's Pronova BioPharma, which will continue to supply the active ingredient, omega-3-acid ethyl esters.

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