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Lumena Acquired by Shire for $260 Million

Posted by sandiegobiotech May 12th, 2014 .
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Lumena Pharmaceuticals has been snapped up by Irish drugmaker Shire PLC for $260 million, scrapping the San Diego biotech’s plan to raise $75 million in an initial public offering.

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Lumena bought for $260 million

Posted by sandiegobiotech May 12th, 2014 .
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San Diego liver disease drug developer bought by Irish drug company Shire.

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Researchers find new molecule to treat asthma

Posted by sandiegobiotech May 12th, 2014 .
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A new synthetic molecule is found to block the recruitment of T cells that initiate allergen-induced asthma attacks.

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Shire Pays Over $260M Upfront in IPO Detour for San Diego’s Lumena

Posted by sandiegobiotech May 12th, 2014 .
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San Diego’s Lumena Pharmaceuticals, which was on the road to raising $75 million in an IPO, has instead agreed to a $260 million-plus buyout offer from Shire (NASDAQ: SHPG), the Irish pharmaceutical…

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