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Horizon Therapeutics Fields Takeover Interest From Pharma Giants

A Horizon Therapeutics exhibit, called ‘Listen to Your Eyes’ in Atlanta last June.Photo: Matt Odom/Associated Press

Drugmaker Horizon Therapeutics PLC is fielding takeover interest, according to people familiar with the matter, as large pharmaceutical companies compete for fast-growing medicines to fuel sales.

A deal for Horizon, which develops medicines for rare and immune diseases, would be big. The company has a market value of almost $18 billion and, with a typical takeover premium, could fetch a price well over $20 billion.

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