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Business
GSK Increases Theravance Stake …
by Lisa M. Jarvis
December 6, 2010
| A version of this story appeared in
Volume 88, Issue 49
GlaxoSmithKline is upping its stake in long-standing respiratory drug development partner Theravance. The purchase of 5.7 million shares, worth roughly $130 million, will bring GSK’s total stake in Theravance to about 19%. The relationship between GSK and the South San Francisco-based biotech firm traces back to 2002, when they agreed to develop two treatments incorporating a long-acting β2 agonist (LABA) developed by Theravance. The pact has expanded over the years, and the companies now have three drug candidates in mid- to late-stage clinical trials.
The power is now in your (nitrile gloved) hands
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