Shire Announces New CEO Appointment; Also Strikes $325M GI Deal



Shire Announces New CEO Appointment; Also Strikes $325M GI Deal

Shire plc has acquired the worldwide rights, excluding the US and Japan, to AT-1001 from Alba Therapeutics Corporation. AT-1001 is Alba’s lead inhibitor of barrier dysfunction in various gastrointestinal disorders that is currently in Phase II development for the treatment of Celiac disease. Shire will pay Alba an upfront license fee of $25 million and further development and sales-based milestones totaling to a maximum of $300.5 million should the product reach blockbuster status. Shire (12/14)

The Board of Directors of Shire plc announced its Board succession plans. James H. Cavanaugh will retire as Non-Executive Chairman; Matthew Emmens (Shire’s current Chief Executive) will succeed him as Non-Executive Chairman. Angus Russell (Shire’s current Chief Financial Officer) will be appointed Chief Executive. These Board changes will become effective at Shire’s AGM in June 2008. Shire (12/13)

Click here to log in.

0 Comments

Add Comment

Text Only 2000 character limit

Page 1 of 1

White Papers & Special Reports

Akamai
Cloud Computing that's Ready for Life Sciences
Sponsored by Akamai


Life Science Webcasts & Podcasts

medidata_podcast_Sites and Sponsors: Mending Bridges over Troubled Waters  
Sites and Sponsors: Mending Bridges over Troubled Waters
Sponsored by Medidata Solutions Worldwide

This podcast brings together two industry leaders to focus on the issues that divide sponsors and sites. On the one hand sites and sponsors unite in advancing better health care through a common passion for developing better drugs. Yet some issues divide them and bridges need to be built or mended to advance the highest levels of cooperation, coordination and success in clinical trials. Listen as the key issues are debated from the site and the sponsor side and new methods and technology are advanced that offer near-term and lasting solutions.

• Common ground in reaching agreement on a budget

• Improving the pace of agreement on budgets and contracts

• Processes for payment to sites on a timely basis

Listen Now  

More Podcasts

Job Openings

For reprints and/or copyright permission, please contact  Terry Manning, 781.972.1349 , tmanning@healthtech.com.