Endo Acquires BioSpecifics

Endo International plc logo
Endo International plc logo

Endo International has completed its acquisition of BioSpecifics Technologies Corp.

Under the terms of a previous strategic relationship, BioSpecifics received royalties from Endo related to Endo's collagenase-based therapies, including XIAFLEX, marketed by Endo Pharmaceuticals, for the treatment of Dupuytren's contracture and Peyronie's disease, and QWO, the first FDA-approved injectable treatment for cellulite, which is expected to be launched by Endo Aesthetics in 2021.

Endo acquired BioSpecifics for $88.50 per share in an all-cash transaction, for an estimated value of $540 million (net of approximately $120 million in cash acquired).

As a result of the acquisition, BioSpecifics ceased to be a publicly traded company and became a wholly-owned subsidiary of Endo.

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