PHARMACY

AstraZeneca to acquire biotech company ZS Pharma

BY David Salazar

LONDON — In a move that will grow its portfolio of treatments for cardiovascular, metabolic and chronic kidney diseases, AstraZeneca announced that it would be acquiring Californian biotech company ZS Pharma to the tune of $2.7 billion.
 
Based on the company’s presentation accompanying a conference call on the acquisition, AstraZeneca’s focus to be on the treatment ZS Pharma is developing for hyperkalemia, or too much potassium, a side effect of chronic kidney disease, which affects more than 3 million patients in the U.S. The company’s most promising treatment, ZS-9, has completed Phase 2 and Phase 3 trials and is currently undergoing more trials. 
 
The acquisition is expected to close this year, the company said, and will result in ZS Pharma becoming a wholly owned subsidiary of AstraZeneca.  
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

J&J to acquire Novira Therapeutics

BY David Salazar

NEW BRUNSWICK, N.J. — Johnson and Johnson is looking to grow its pharmaceutical arm’s specialty portfolio, announcing this week the acquisition of Novira Therapeutics. Novira focuses on development of chronic hepatitis B treatment, and the acquisition includes the company’s novel antivirals, among them its lead candidate NVR 3-778.
 
We are excited about the prospect this acquisition offers to accelerate the development of curative treatments for people affected by chronic hepatitis B,” said William N. Hait, M.D., Ph.D., Global Head, Research & Development, Janssen Pharmaceutical Companies of Johnson & Johnson. “NVR 3-778 offers the potential for efficient suppression of virus production and replication, which could help address the remaining unmet medical needs.”
 
The acquisition is expected to close in the fourth quarter of 2015. Financial terms have not been disclosed. 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
PHARMACY

Sanofi, Lexicon Pharmaceuticals team on diabetes drug in pipeline

BY David Salazar

PARIS and THE WOODLANDS, Texas — A new diabetes drug in the pipeline has Sanofi and Lexicon Pharmaceuticals working together as it goes through Phase 3 trials. The two companies on Friday announced a development and commercialization deal for sotagliflozin, which is currently undergoing Phase 3 trials for its efficacy treating type-1 diabetes and will enter Phase 3 trials for type-2 diabetes in early 2016.
 
“This agreement with Lexicon reinforces our commitment to helping people living with diabetes,” Sanofi EVP Pascale Witz said. “Adding sotagliflozin to our portfolio, which includes medicines at virtually every stage of the treatment pathway, highlights our focus on providing a large and diverse set of therapeutic options for people with this disease.”
 
Under the agreement, Lexicon will receive a $300 million up-front payment, with the ability to receive milestone payments up to $1.4 billion for development, regulatory and sales achievements. Sanofi will retain the license for manufacturing, developing and commercializing sotagliflozin.
 
“Lexicon firmly believes in the potential of sotagliflozin for patients living with diabetes,” Lexicon president and CEO Lonnel Coats said. “Sanofi's patient-centric focus in diabetes, and its rich history of innovation in diabetes, make it an exceedingly attractive partner which is well positioned to unlock the full potential of sotagliflozin for patients living with diabetes.”
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?