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Business
Shire Nabs Lumena For $260 Million
by Rick Mullin
May 19, 2014
| A version of this story appeared in
Volume 92, Issue 20
The acquisitive Shire followed its $75 million purchase of Fibrotech earlier this month with an announcement last week that it will pay $260 million for Lumena Pharmaceuticals, a rare disease drug firm. Lumena’s lead candidates include LUM001, a treatment for four hepatic diseases—two pediatric and two adult—and LUM002, which has completed Phase I trials for nonalcoholic steatohepatitis. Last year, Dublin-based Shire acquired another rare disease specialist, ViroPharma, for $4.2 billion.
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