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GSK invests $20mm in XenoPort stock, with option to buy $20mm more

Executive Summary

On the heels of terminating their five-year-old agreement for the restless legs syndrome product Horizant (gabapentin), GlaxoSmithKline PLC and XenoPort Inc. (neurological, musculoskeletal, and dermatological therapeutics) have decided to not completely sever ties. GSK has agreed to buy $20mm in XenoPort stock for approximately a 4.3% stake.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
  • Pharmaceuticals
    • Drug Delivery
      • Controlled Release
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Equity

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