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Stock Market & Financial Investment News

News Breaks
January 17, 2014
13:42 EDTRTRXSAC Capital reports 5.6% passive stake in Retrophin
News For RTRX From The Last 14 Days
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May 27, 2015
12:36 EDTRTRXOn The Fly: Top stock stories at midday
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08:01 EDTRTRXRetrophin agrees to sell Pediatric PRV to Sanofi
Retrophin (RTRX) announced an agreement to sell its Rare Pediatric Disease Priority Review Voucher to Sanofi (SNY). Retrophin received the Pediatric PRV when Cholbam was approved by the U.S. FDA for the treatment of pediatric and adult patients suffering from bile acid synthesis disorders due to single enzyme defects, and for patients with peroxisomal disorders. Upon closing of the transaction, Retrophin will receive a payment of $150M, followed by two equal installments of $47.5M in 2016 and 2017. The company will receive a total consideration of $245M in cash from Sanofi in exchange for the Pediatric PRV. The voucher was awarded by the FDA under a provision that encourages development of new drugs and biologics for the prevention and treatment of rare pediatric diseases. The transaction is subject to customary closing conditions and clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
May 22, 2015
09:26 EDTRTRXRetrophin management to meet with Leerink
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