Raptor Buy Bolsters Horizon's Orphan Business As Primary Care Foots The Bill
Horizon will boost its orphan drug business through the acquisition of Raptor, using a combination of debt and cash from its primary care and other assets to fund the transaction.
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Repeat antibiotic entrepreneurs raised $33m to launch Qpex with assets from The Medicines Co. Also, Taiho increases VC fund to $300m and TP Therapeutics raises $80m.
Emerging Company Profile: Mercaptor – a California company that emerged from Raptor Pharmaceutical, which Horizon Pharma bought for $800m in 2016 – has grandiose plans to create a new therapy for neurodegenerative disorders with only scientists running the show and no pharma or VC backing.
In Q3, biopharma financing totaled $7.4 billion, a large proportion of which was by rare disease developers; among the highlights in the $23 billion in M&As was Allergan's buying spree, including two NASH companies. Just over $20 billion went into biopharma alliance dealmaking, and neurology assets attracted many of the dollars.