Six Irish men to share $635m after sale of drug firm
Irish Times Business
Adapt Pharma’s Narcan spray used in the front line of opioid crisis in United States
Six Irish businessmen will share a $635 million (€542m) payday after selling a company that developed a drug used in the frontline as the United States battles an opioid crisis.
Waterford entrepreneur Seamus Mulligan and his team invested €115 million to set up Adapt Pharma just over four years ago. Their team focused on a drug, Naloxone, that has been in use for many years and is commonly used in hospital anaesthesia.
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