Sucampo, Takeda make Amitiza deal global
This article was originally published in Scrip
Sucampo Pharmaceuticals will get $14m up front and could earn up to $35m in milestone fees based on certain sales targets in exchange for giving Takeda Pharmaceutical global rights to the constipation drug Amitiza (lubiprostone) versus the partners' prior US and Canada agreement.
You may also be interested in...
While Amgen said the Phase III GALACTIC-HF results for omecamtiv mecarbil did not meet its high expectations for the heart failure candidate, Cytokinetics sees a path to treating certain patients.
Olema launched this year’s 76th US biopharma IPO. Also, investments in regenerative medicines reached a new high, Qiming closed a $1.2bn China-focused VC fund, D3 Bio led recent venture deals with a $200m round, and Bausch sold $2bn worth of notes to pay down near-term debts.
The $80m financing will support a Phase III myelofibrosis study for the LSD1 inhibitor and earlier-stage programs, but additional late-stage studies will require an initial public offering, likely next year.