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.
The company released an annual pricing report, showing that Sanofi's US average net prices declined for the fifth year in a row.