Alexion inks deal to acquire Achillion for $930M upfront

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Alexion has struck a deal to buy Achillion for $930M. The takeover will give Alexion two clinical-phase medicines in development in complement alternative pathway-mediated rare diseases.

 

Achillion is focused on the development of oral small-molecule factor D inhibitors in indications such as paroxysmal nocturnal hemoglobinuria (PNH) and C3 glomerulopathy. Alexion has grown into a substantial business by treating complement-mediated diseases such as PNH and thinks there are enough differences in their approaches to make the acquisition of Achillion worthwhile.

 

Read the full article at fiercebiotech.com…

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