Biogen Completes Acquisition of Nightstar Therapeutics for Approximately $800 Million
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Biogen (BIIB) Completes Acquisition of Nightstar Therapeutics (NITE)
June 7, 2019 8:07 AM EDTBiogen (Nasdaq: BIIB) today announced that it has completed its acquisition of Nightstar Therapeutics (Nasdaq: NITE), a clinical-stage gene therapy company, which is focused on adeno-associated virus (AAV) treatments for inherited retinal disorders. As a result of the acquisition, Biogen now has added two mid- to late-stage clinical assets, as well as preclinical programs, in ophthalmology. The total transaction value was approximately $800 million, after taking into account expected transaction expenses... More
