Inspire gets $75M injection from Warburg Pincus
Warburg Pincus is buying $75 million worth of Inspire Pharmaceuticals' stock. The private equity group paid a five percent premium for the shares, which immediately pushed up the value of the company's stock by 14 percent. For Inspire, the fresh injection of capital will help fund late-stage studies while launching the newly-approved AzaSite for bacterial conjunctivitis.
- check out the release
- read the AP report
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