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Ironwood wagers $1bn on VectivBio’s phase 3 readout. Novartis buys rare disease gene therapy from Avrobio.
Three years after paying a modest $20 million upfront to grab a late-stage rare disease drug from Novartis, Pharming has lined up a priority review at the FDA. .
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The pharmaceutical company will pay nearly $90 million to acquire Avrobio’s treatment for cystinosis, an inherited condition caused by toxic amino acid buildup. . 5% CAGR during the forecast period.
125 million per patient. Eyeing the market arising out of unmet need of drugs for rare diseases in India, Swiss pharma major Novartis is investing heavily in its pipeline of rare diseases. Aug 6, 2019 · The drug maker Novartis concealed. May 23, 2023 · Avrobio has announced a deal to sell its investigational hematopoietic stem cell (HSC) gene therapy programme, designed to treat cystinosis, to Novartis in an all-cash deal valued at $87. . .
It is an opportunity to rethink how innovative, expensive gene therapies are financed, say doctors. .
Oct 24, 2022 · Published Oct.