Shire Pharmaceuticals Acquires Lumena Pharmaceuticals for $260,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6284f277-ad37-470a-bb3c-2358843b9e23
Date
5/12/2014
Company Name
Lumena Pharmaceuticals
Mailing Address
12531 High Bluff Drive San Diego, CA 92130 USA
Company Description
Lumena Pharmaceuticals is focused on advancing treatments in metabolic diseases that have high unmet clinical needs.
Website
http://www.lumenapharma.com
Transaction Type
M&A
Transaction Amount
$260,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Shire will acquire Lumena Pharmaceuticals for an upfront payment of $260 million in cash, plus a payment for net cash at closing, and near-term contingent milestone payments related to ongoing clinical trials.