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GSK to Acquire Reliant Pharmaceuticals

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By: Tim Wright

Editor-in-Chief, Contract Pharma

GlaxoSmithKline has entered an agreement to acquire Reliant Pharmaceuticals Inc. for $1.65 billion in cash. Reliant is a privately held specialty pharma company focused on cardiovascular therapies. In the nine months ending September 30, 2007, the company’s net sales were $341 million, up 62% YTD. Through its strategic in-licensing strategy, Reliant has developed a portfolio of specialty drugs for heart disease, including U.S. rights to Lovaza, a treatment for adult patients with very...

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