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Roche to Pay $7.1B to Get Contender in Tight Inflammatory Bowel Disease Race

Roche’s Telavant acquisition comes as the Roivant Sciences subsidiary prepares its main asset for Phase 3 testing in ulcerative colitis. The antibody drug candidate blocks a novel target for inflammation and fibrosis that’s also the focus of clinical-stage programs of other big pharma companies.
United States Levi Garraway Teva Pharmaceuticals Roivant Sciences Prometheus Biosciences North America

Roche buys Roivant's bowel disease drug for $7.1 billion

ZURICH/FRANKFURT (Reuters) -Roche on Monday said it will buy Telavant, a developer of a new treatment for inflammatory bowel diseases, for an initial $7.1 billion from U.S biotech firm Roivant Holdings and Pfizer Inc. Under the deal, which continues Roche's drive to diversify away from its aging cancer treatment business, the Swiss drugmaker will gain the right to develop, manufacture and commercialise an experimental drug known as RVT-3101, in the U.S. and Japan. New Roche CEO Thomas Schin...
Friederike Heine Jason Neely Thomas Schinecker Ludwig Burger John Revill Roivant Holdings
Source: aol.com

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Royalty Pharma to pay $1 billion for Roche's SMA drug royalties

Spinal muscular atrophy, a leading genetic cause of infant deaths, prevents the body from producing a protein necessary for neuromuscular development. Royalty Pharma said the agreement with PTC increases its ownership of the Evrysdi royalty from 43% to 81%, equating to a royalty of 6.5% to 13%. The company had in 2020 purchased about 43% of PTC's royalty interest in risdiplam for a one-time payment of $650 million.
Shilpi Majumdar Drug Administration Royalty Pharma Mariam Sunny Ptc Therapeutics Spinal Muscular Atrophy
Source: yahoo.com

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