Rumors of Takeover Surround Biotech Drugmaker InterMune

InterMune Inc., an orphan drug company that specializes in treating fatal scarring of the lungs, is attracting takeover interest from several large pharmaceutical companies, according to Reuter's sources.

Buyer interest has surged in recent weeks after InterMune announced positive late-stage trial results for pirfenidone, a that drug treats idiopathic pulmonary fibrosis.

InterMune has not commented regarding formal offers or bid prices, but current market value is estimated at $2.7 billion.

Read the Reuters press release

More News:

All news »

What are your comments?

Join the discussion today. Login Here.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments