Merck (NYSE:MRK), known as MSD outside the United States and Canada, announced today that it is has completed its acquisition of Inspire Pharmaceuticals, Inc., a specialty pharmaceutical company focused on developing and commercializing ophthalmic products, for $5.00 per share in cash.
"We are excited to complete this compelling and highly complementary acquisition of Inspire," said Beverly Lybrand, senior vice president and general manager, neuroscience and ophthalmology, Merck. "The successful completion of this transaction strengthens our ophthalmology business and positions us for future growth with an expanded portfolio and a best in class commercialization organization."
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