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Birmingham Post

Business

Sion Barry

Leading Welsh life sciences company Diurnal in £48m takeover by US firm

Neurocrine United States

One of Wales’ leading life sciences firms, Diurnal, is set to be acquired by a US firm in a £48.3m cash deal.

Subject to shareholder approval the Cardiff-based Alternative Investment Market-listed firm will be acquired by Neurocrine, a neuroscience-focused biopharmaceutical company, with sales of $1bn.

Diurnal, which is headquartered in Cardiff and employs 33, is a pharmaceutical group targeting patient needs in chronic endocrine (hormonal) diseases.

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