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Oculis enters merger deal with European Biotech Acquisition

Pharmaceutical Technology

The deal is also expected to offer proceeds comprising nearly $127.5m On closing of the deal, the combined business will be called Oculis Holding SA, a newly listed entity registered in Switzerland. OCS-02 is a topical anti-TNF alpha monoclonal antibody fragment, while OCS-05 is an activator of serum-glucocorticoid kinase 2.

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Avrobio to sell cystinosis gene therapy to Novartis for $87.5m

Pharmaceutical Technology

Avrobio has announced a deal to sell its investigational haematopoietic stem cell (HSC) gene therapy programme , designed to treat cystinosis, to Novartis in an all-cash deal valued at $87.5m. The company expects that the proceeds obtained from the deal will extend its cash runway into the fourth quarter of 2024.

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Lilly agrees to acquire gene therapy developer Akouos for $610m

Pharmaceutical Technology

Eli Lilly and Company has signed a definitive agreement for the acquisition of all outstanding shares of precision genetic medicine firm Akouos for a total deal value of up to nearly $610m or up to $15.50 The deal comprises an acquisition value of $12.50 Topic sponsors are not involved in the creation of editorial content.

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Quoin and Endo sign supply deal for QRX003 in Canada

Pharmaceutical Technology

A lead product of Quoin, QRX003 is a topical lotion intended to treat Netherton Syndrome. As per the terms of the license and distribution deal, Endo holds the exclusive right, which was also sublicensed to the affiliate of the company, Paladin Labs, to market the product in Canada on receiving regulatory approvals.

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Soligenix and Silk Road sign deal for Behçet’s disease treatment rights

Pharmaceutical Technology

Soligenix has signed an exclusive option agreement with Silk Road Therapeutics for the right to acquire Pentoxifylline (PTX) topical formulation intended to treat mucocutaneous ulcers in Behçet’s disease (BD) patients. The firms did not divulge the terms of the deal. They also used their standard colchicine regimen.

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Incyte signs partnership agreement with CMS for ruxolitinib cream

Pharmaceutical Technology

According to the deal, Incyte is entitled to receive an upfront payment from CMS, which will also make further potential payments on meeting development, regulatory and commercial milestones. Ruxolitinib cream is the first topical inhibitor of JAK to obtain approval in the US.

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AstraZeneca enters $320m deal to acquire Neogene

Pharmaceutical Technology

AstraZeneca has signed an agreement for the acquisition of all outstanding equity of clinical-stage biotechnology firm Neogene Therapeutics in a deal totalling up to $320m. Under the deal, Neogene will receive $200m in initial payment at closing, as well as up to $120m in contingent milestones-based and non-contingent payments.