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SARcode Investors Reap 120% ROI in Sale to Shire

By Cormac Sheridan
Staff Writer

Monday, March 25, 2013

Underlining its ambitions in ophthalmology, Shire plc is acquiring SARcode Bioscience Inc. for $160 million up front, plus additional, undisclosed milestones based on the clinical, regulatory and commercial progress of its main asset, lifitegrast, which is undergoing a second pivotal Phase III trial in dry eye disease.

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