Pharma BD Deal Intelligence

Shire plc / NPS Pharmaceuticals

2015 · Acquisition/Merger · $5.2B · Complete

Shire paid $5.2B for NPS Pharmaceuticals to acquire Natpara and Gattex/Revestive for rare gastrointestinal conditions with few alternatives. The deal expanded Shire's rare disease portfolio beyond hematology and immunology, adding durable orphan franchises that carried into the Takeda era.

CALLED IT — OFF BY 10
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The coverage arc

Jan 11, 2015 Shire to Acquire NPS Pharma as Further Step in Building a Leading Biotech - PR Newswire Bullish

Shire announced acquisition of NPS Pharmaceuticals for $46 per share in cash, approximately $5.2 billion, to build a leading biotech through rare disease…

Feb 12, 2021 Shire announces US$5.2bn acquisition of NPS Pharmaceuticals - The Pharmaceutical Journal Bullish

Shire announced its $5.2 billion acquisition of NPS Pharmaceuticals to strengthen its rare disease leadership, gaining key products Gattex and Natpara for GI…

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Shire acquired NPS Pharmaceuticals for $5.2B for rare gastrointestinal diseases.

Key facts

Disease & market context

Short Bowel Syndrome (SBS)

15K US cases/yr · $800M Global SBS Market (2015)

Disease Overview

Short bowel syndrome is a rare malabsorption disorder where patients lack sufficient functional intestine. NPS's Gattex (teduglutide) was the first GLP-2 analog approved for SBS, offering an alternative to lifelong parenteral nutrition.

Competitive Landscape

Gattex was the only approved GLP-2 analog for SBS at deal time. The rare GI space had limited competition, with parenteral nutrition as the standard of care. Shire sought NPS to build its rare disease GI franchise alongside Natpara.

Deal timeline

Related deals — scored

DealYearValueOutcome
Shire plc / NPS Pharmaceuticals (this deal)2015$5.2B78
Shire plc / Dyax Corp.2016$5.9B89
Shire plc / New River Pharmaceuticals Inc.2007$2.6B88
Shire plc / Jerini AG2008$521M85
Shire plc / Baxalta Inc.2016$32.0B77
Shire plc / ViroPharma Incorporated2013$4.2B58
Shire plc / Movetis NV2010$565M37

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