Horizon Pharma withdraws offer for Depomed after court ruling

November 20, 2015 1:30 AM

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Nov 19 Ireland-based Horizon Pharma Plc said it has withdrawn its offer to acquire Depomed Inc following a court ruling that granted Depomed's motion for preliminary injunctive relief on Horizon's alleged used of confidential information.

"While we strongly disagree with the court's ruling, we are withdrawing our offer to acquire Depomed," Horizon's chief executive, Timothy Walbert, said in a statement.

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