Baxalta acquired by Shire Pharmaceuticals

By September 15, 2016News
Shire Baxalta

COVINGTON — Shire Pharmaceuticals PLC, a global drug company, completed a $32 billion acquisition of Baxalta International Inc. on Monday, probably creating the world’s largest company dedicated to treating cancers, rare blood diseases and immune system disorders.

Baxalta, located in eastern Newton County in the Stanton Springs development, gives Shire, among other things, excellent products in hemophilia treatments. The two companies said that by 2020 they anticipate to produce more than $20 billion in annual revenue with double-digit sales growth.