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Horizon Pharma plc

Drug Names(s): calcitriol

Description: Silkis is a topical formulation of a Vitamin D analog, calcitriol, that was recently developed for the treatment of psoriasis. Although its mechanism of action is not known, it is thought to affect epidermal growth and inhibit inflammation in skin lesions.

Deal Structure: Horizon and Crealta
In December 2015, Horizon Pharma announced it has entered a definitive agreement to acquire Crealta Holdings for $510 million in cash. The acquisition is structured as an all cash purchase with no external financing necessary. The transaction, which has been approved by the boards of directors of both companies, is subject to the satisfaction of customary closing conditions and regulatory approvals, including antitrust approval in the United States.

In January 2016, Horizon announced that it has completed its acquisition of Crealta Holdings LLC for approximately $510 million in cash.

Partners: Galderma S.A.

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