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Biogen buys Remedy Pharmaceuticals' stroke drug Cirara

Biogen will pay $120 mn upfront payment plus potential milestone and royalty payments

BS B2B Bureau  |  Cambridge, Massachusetts 

Biogen last week completed an asset purchase of Remedy Pharmaceuticals’ phase 3 candidate, Cirara (intravenous glyburide). Under the terms of the agreement, Remedy will share in the cost of development for the target indication for Cirara in LHI stroke. Biogen will make an upfront payment of $120 million to Remedy and may also pay additional milestone payments and royalties.  The target indication for Cirara is large hemispheric infarction (LHI), a severe form of ischemic stroke where brain swelling (cerebral edema) often leads to a disproportionately large share of ...

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First Published: Tue, May 23 2017. 16:03 IST
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Biogen buys Remedy Pharmaceuticals' stroke drug Cirara

Biogen will pay $120 mn upfront payment plus potential milestone and royalty payments

Biogen will pay $120 mn upfront payment plus potential milestone and royalty payments Biogen last week completed an asset purchase of Remedy Pharmaceuticals’ phase 3 candidate, Cirara (intravenous glyburide). Under the terms of the agreement, Remedy will share in the cost of development for the target indication for Cirara in LHI stroke. Biogen will make an upfront payment of $120 million to Remedy and may also pay additional milestone payments and royalties.  The target indication for Cirara is large hemispheric infarction (LHI), a severe form of ischemic stroke where brain swelling (cerebral edema) often leads to a disproportionately large share of ... image
Business Standard
177 22

Biogen buys Remedy Pharmaceuticals' stroke drug Cirara

Biogen will pay $120 mn upfront payment plus potential milestone and royalty payments

Biogen last week completed an asset purchase of Remedy Pharmaceuticals’ phase 3 candidate, Cirara (intravenous glyburide). Under the terms of the agreement, Remedy will share in the cost of development for the target indication for Cirara in LHI stroke. Biogen will make an upfront payment of $120 million to Remedy and may also pay additional milestone payments and royalties.  The target indication for Cirara is large hemispheric infarction (LHI), a severe form of ischemic stroke where brain swelling (cerebral edema) often leads to a disproportionately large share of ...

image
Business Standard
177 22