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United Therapeutics sells Priority Review Voucher to AbbVie for $350M

Aug. 19, 2015 7:17 AM ETAbbVie Inc. (ABBV) StockUTHR, ABBVBy: Douglas W. House, SA News Editor6 Comments
  • AbbVie (NYSE:ABBV) buys United Therapeutics' (NASDAQ:UTHR) Rare Pediatric Disease Priority Review Voucher (PPRV) for $350M in cash. United was awarded the voucher when the FDA cleared Unituxin (dinutuximab) for the treatment of neuroblastoma in March.
  • The main benefit of the voucher, which can be bought and sold an unlimited amount of times, is a six-month review clock. Also, the voucher owner only has to give the FDA a short 90-day notice of its intention to use it.

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