Deals Of The Week: GSK/Angiochem; GSK/Daiichi Sankyo; Dainippon Sumitomo/Boston Biomedical
In the latest of a series of rare disease deals, GlaxoSmithKline has forged a collaboration with Montreal-based Angiochem to develop drugs that cross the blood-brain barrier to treat patients with lysosomal storage diseases like Tay-Sachs disease and Fabry disease.
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Japanese pharma Dainippon will gain two clinical-stage novel drugs targeting cancer stem cells and a drug-discovery platform with the acquisition of Boston Biomedical for $200 million upfront and substantial milestones.
Sandoz US president Carol Lynch talked to Scrip about its changing US portfolio, which will emphasize biosimilars, as the Novartis unit is poised to divest most of its US generics portfolio to Aurobindo.