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Wednesday, December 17, 2014

Shire considering bid for NPS Pharmaceuticals - Bloomberg, (NYSE: ABBV), (NASDAQ: NPSP), (NASDAQ: SHPG)

Dublin-based Shire Plc, whose proposed sale to AbbVie Inc fell apart in October, is considering an offer for U.S-based drug developer NPS Pharmaceuticals Inc, Bloomberg reported, citing people familiar with the matter. NPS's shares rose as much as 23 percent to $37.50 on the Nasdaq. Shire's shares were up 1.3 percent on the London Stock Exchange.The timing of a possible bid would depend on whether the U.S. Food and Drug Administration approves NPS's hormone replacement therapy Natpara, two of the people told Bloomberg. (bloom.bg/1wFFJ3T)Natpara is designed to treat low levels of the parathyroid hormone (PTH), which causes hypoparathyroidism.The FDA is expected to decide on the drug on Jan. 24, 2015.

AbbVie Inc. (AbbVie) is a global research-based pharmaceuticals company. Shares of ABBV traded higher by 0.06% or $0.04/share to $65.29. In the past year, the shares have traded as low as $45.50 and as high as $70.76. On average, 12539700 shares of ABBV exchange hands on a given day and today's volume is recorded at 2090382.

NPS Pharmaceuticals, Inc. (NPS) is a biopharmaceutical company focused on pioneering and delivering therapies that transform the lives of patients with rare diseases worldwide. Shares of NPSP traded higher by 16.08% or $4.8986/share to $35.37. In the past year, the shares have traded as low as $22.11 and as high as $39.68. On average, 1611830 shares of NPSP exchange hands on a given day and today's volume is recorded at 3947904.

Shire plc (Shire) is a specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician. Shares of SHPG traded higher by 2.02% or $4.22/share to $212.98. In the past year, the shares have traded as low as $136.29 and as high as $264.98. On average, 1964190 shares of SHPG exchange hands on a given day and today's volume is recorded at 636435.



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