Galenica to acquire U.S. biopharma firm Relypsa for $1.53 billion in cash

July 21, 2016 5:48 AM

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Galenica (GALN.S) said it has agreed to buy U.S. biopharma company Relypsa (RLYP.O) for $1.53 billion in cash to strengthen its Vifor Pharma unit.

Galenica's $32 per share offer for Relypsa shares represents a 59 percent premium to Wednesday's close.

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