Oct 31 (Reuters) - Strongbridge Biopharma plc SBBP.O :
* STRONGBRIDGE BIOPHARMA PLC ENTERS INTO AGREEMENT FOR NOVO NORDISK TO ACQUIRE THE U.S. AND CANADIAN RIGHTS TO MACRILEN™ (MACIMORELIN)
* STRONGBRIDGE BIOPHARMA PLC - PURCHASE PRICE OF $7.00 PER SHARE
* STRONGBRIDGE BIOPHARMA PLC - NOVO NORDISK TO PURCHASE APPROXIMATELY 5.2 MILLION ORDINARY SHARES OF STRONGBRIDGE BIOPHARMA PLC AT PURCHASE PRICE OF $7.00 PER SHARE
* STRONGBRIDGE BIOPHARMA PLC - STRONGBRIDGE WILL RECEIVE AN UPFRONT PAYMENT OF $145 MILLION FROM NOVO NORDISK FOR U.S. AND CANADIAN RIGHTS TO MACRILEN
* STRONGBRIDGE BIOPHARMA PLC - STRONGBRIDGE WILL RECEIVE TIERED ROYALTIES RELATED TO SALES OF MACRILEN THROUGH 2027
* STRONGBRIDGE BIOPHARMA PLC - NOVO NORDISK TO FUND STRONGBRIDGE'S RARE ENDOCRINE COMMERCIAL FIELD ORGANIZATION FOR MACRILEN FOR UP TO THREE YEARS
* STRONGBRIDGE BIOPHARMA PLC - TRANSACTION WILL RESULT IN GROSS PROCEEDS OF $36.7 MILLION
* STRONGBRIDGE BIOPHARMA - CO'S CURRENT MACRILEN FIELD ORGANIZATION TO CONTINUE TO PROMOTE PRODUCT IN U.S. UNDER A 3-YEAR AGREEMENT WITH NOVO