AstraZeneca to acquire Omthera for as much as $443M

05/28/2013 | Reuters

Britain-based AstraZeneca will acquire the U.S. fish oil drug-maker Omthera Pharmaceuticals in a transaction valued at up to $443 million. The purchase is seen as an effort by AstraZeneca to round out its cardiovascular offerings and compete with GlaxoSmithKline and others that already sell fish-oil pharmaceuticals. Omthera's Epanova, a mixture of fish-oil-derived fatty acids, should be submitted for U.S. regulatory approval mid-year, according to this article.

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