Arbor Pharmaceuticals

Arbor Pharmaceuticals to acquire XenoPort for $467M

Wednesday, June 1, 2016

Arbor Pharmaceuticals, a specialty pharmaceutical company headquartered in Atlanta, Georgia, and XenoPort, a biopharmaceutical company focused on commercializing HORIZANT, have signed a definitive agreement under which Arbor will acquire XenoPort for $7.03 per share in cash, or a total equity value of approximately $467 million. The purchase price per share represents a 60% premium to the closing price of XenoPort shares on May 20, 2016.

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