AstraZeneca to acquire Amolyt Pharma in $1.05bn deal to expand rare disease portfolio
AstraZeneca has announced a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on novel treatments for rare endocrine diseases, in a deal valued at up to $1.05 billion. This acquisition is poised to strengthen the late-stage pipeline of Alexion, AstraZeneca Rare Disease, particularly bolstering its bone metabolism franchise through the addition of eneboparatide (AZP-3601), a Phase III investigational therapeutic peptide. Eneboparatide stands out with its novel mechanism of action aimed at addressing critical therapeutic goals for hypoparathyroidism, a condition marked by parathyroid hormone (PTH) deficiency leading to severe calcium and phosphate dysregulation.
Hypoparathyroidism affects an estimated 222,000 people across the United States and the European Union, with a significant majority being women. This condition can lead to life-altering symptoms and complications, including chronic kidney disease. Marc Dunoyer, Chief Executive Officer of Alexion, highlighted the unmet need for alternative therapies that address the underlying hormone deficiency, unlike current supportive treatments. The acquisition of Amolyt Pharma not only brings eneboparatide into Alexion’s portfolio but also Amolyt’s expertise and promising pipeline, positioning Alexion to expand into rare endocrinology further.
Eneboparatide, currently in Phase III trials, has shown promise in early studies for its ability to normalize serum calcium levels and potentially eliminate the need for daily calcium and vitamin D supplementation in patients with hypoparathyroidism. Thierry Abribat, CEO of Amolyt Pharma, expressed enthusiasm for the acquisition, emphasizing the potential of eneboparatide to improve patient outcomes and shift the treatment paradigm for hypoparathyroidism.
The agreement terms include an upfront payment of $800 million at closing, with an additional $250 million contingent upon achieving a specified regulatory milestone. This strategic acquisition, expected to close by the end of the third quarter of 2024, subject to customary closing conditions and regulatory clearances, underscores AstraZeneca’s commitment to advancing treatment options for rare diseases.
AstraZeneca’s acquisition of Amolyt Pharma represents a significant step forward in the quest to provide advanced treatment options for rare endocrine diseases. By integrating Amolyt’s innovative pipeline and expertise, AstraZeneca aims to deliver life-changing treatments to patients worldwide, particularly those suffering from hypoparathyroidism. This deal not only enhances AstraZeneca’s rare disease portfolio but also reinforces its position as a leader in the development of novel therapies for complex conditions.