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Stock Market & Financial Investment News

News Breaks
February 4, 2013
06:05 EDTUTHRUnited Therapeutics authorizes additional $420M share repurchase program
United Therapeutics announced that its board authorized the repurchase of up to an additional $420M of the company's common stock. This program will become effective on March 4 and will remain open for up to one year.
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August 19, 2015
06:09 EDTUTHRUnited Therapeutics agrees to sell PPRV to AbbVie for $350M
United Therapeutics (UTHR) announced that it has entered into an agreement to sell its Rare Pediatric Disease Priority Review Voucher, or PPRV, to a subsidiary of AbbVie (ABBV). United Therapeutics received the PPRV when Unituxin was approved by the FDA for the treatment of neuroblastoma, a rare pediatric disease. Upon closing of the transaction, United Therapeutics will receive $350M in cash in exchange for the PPRV. 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.

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