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Business

Shire To Purchase SARcode Bioscience

by Ann M. Thayer
April 1, 2013 | A version of this story appeared in Volume 91, Issue 13
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Ireland’s Shire will pay $160 million to acquire SARcode Bioscience, a privately owned ophthalmic drug firm based in Brisbane, Calif. The acquisition will give Shire the dry eye disease agent Lifitegrast, which is in Phase III clinical development. The drug is a small-molecule integrin antagonist designed to block a target in the chronic dry eye inflammation cycle. Shire hopes to launch Lifitegrast in the U.S. as early as 2016. Shire may make additional payments to SARcode shareholders.

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