GSK PLC said Tuesday that it has reached an agreement to buy the late-stage biopharmaceutical company Bellus Health Inc.
BLU,
The pharmaceutical giant
GSK,
Following the anticipated regulatory approval and launch of camlipixant in 2026, the acquisition of the Canada-based company is expected to be accretive to adjusted earnings per share–which strips out exceptional and other one-off items–from 2027 and has the potential to deliver significant sales through 2031 and beyond, it added.
“This proposed acquisition complements our portfolio of specialty medicines and builds on our expertise in respiratory therapies,” Chief Commercial Officer Luke Miels said.
Write to Michael Susin at michael.susin@wsj.com