Gentium S.p.A. Shareholders Sue Over $1 Billion Jazz Pharmaceuticals plc Deal

Shareholders of Gentium SpA filed a case against the company's board in a bid to halt Jazz Pharmaceuticals Plc from acquiring it, Bloomberg reported. The shareholders claimed that the deal, valued at $1 billion is "hopelessly flawed." A biopharmaceutical firm, Gentium concentrates on discovering, researching and manufacturing therapies to treat and prevent a number of vascular diseases and cancer-related conditions. Jazz Pharmaceuticals, meanwhile, identifies, develops and commercializes products for narcolepsy, oncology, pain and psychiatry.

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