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GlaxoSmithKline plc

Drug Names(s): SB-424323

Description: Odiparcil is an orally active glycosaminoglycan enhancer which indirectly enhances thrombin inhibition via heparin cofactor II.

Deal Structure: Odiparcil was originally developed by Solvay.

By October 2006, Solvay had partnered development with GlaxoSmithKline.

In September 2009, Solvay announced that its Board of Directors has decided to sell its pharmaceutical business to Abbott for a total Entreprise Value of about EUR 5.2 billion. This includes a purchase price of EUR 4.5 billion in cash and additional potential payments of up to EUR 300 million if certain milestones are met between 2011 and 2013. The acquisition was completed in February 2010.

Partners: AbbVie Inc.

Odiparcil News

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