GSK Plc will buy Canada-based drug development company Bellus Health Inc in an all-cash deal for $2 billion, the companies said on Tuesday, as the British pharmaceuticals maker bets on respiratory therapies.
in an all-cash deal for $2 billion, the companies said on Tuesday, as the British pharmaceuticals maker bets on respiratory therapies.
GSK's offer of $14.75 per share is more than double Bellus' closing price of $7.26 on the Nasdaq on Monday. The acquisition gives GSK access to camlipixant, which is in late-stage development for the first-line treatment of adult patients with refractory chronic cough . The acquisition is expected to be accretive to GSK's adjusted earnings per share from 2027 following the anticipated regulatory approval and launch of camlipixant in 2026.
"Camlipixant, a novel, highly selective P2X3 antagonist, has the potential to be a best-in-class treatment with significant sales potential," said GSK chief commercial officer Luke Miels.
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