ISPH

Pharma

Inspire’s pink eye drug AzaSite draws generic challenge

Pink eye drug AzaSite, a major component of Inspire Pharmaceutical‘s (NASDAQ:ISPH) portfolio and one of the key products sought by Merck (NYSE:MRK) in its $430 million acquisition of the North Carolina company, could soon be facing generic competition. Inspire said in a regulatory filing that generics company Sandoz notified the company that it has submitted […]

News

Merck’s $430M bid for Inspire followed a 2009 offer

Inspire Pharmaceuticals (NASDAQ:ISPH) CEO Adrian Adams joined the North Carolina company in the winter of 2010 with goals of expanding its business beyond eye products and commercializing a breakthrough cystic fibrosis treatment. In January, one month shy of Adams one-year anniversary at Inspire’s helm and days removed from announcing a failed clinical trial on the […]

Pharma

Merck to buy Inspire Pharmaceuticals for $430M

Merck (NYSE:MRK) is acquiring Raleigh, North Carolina-based Inspire Pharmaceuticals (NASDAQ:ISPH) for $430 million under a definitive agreement announced Tuesday. Under the agreement, a Merck subsidiary will commence a tender offer for all outstanding shares of Inspire at a price of $5 per share cash. That’s 26 percent more than Inspire’s April 4 close of $3.98. […]

Pharma

Dry eye drug from Inspire gets patent extension in Japan

Two dry eye therapy patents owned by Inspire Pharmaceuticals (NASDAQ:ISPH) have received extensions in Japan, which gives the drug Diquas patent protection until February 2023. Raleigh, North Carolina-based Inspire disclosed in a securities filing that the extension gives one Diquas patent an additional five years of exclusivity; another patent received approximately 4.5 years of exclusivity. […]