AstraZeneca to acquire Amolyt Pharma in $1.05bn deal to expand rare disease portfolio

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 […]

French biotech company Amolyt Pharma Series C round fetches $138m

French biotech company Amolyt Pharma Series C round fetches $138m

Amolyt Pharma, a France-based clinical-stage biotechnology company, has secured €130 million (around $138 million) from a Series C equity financing round led by Sofinnova Partners and co-led by Intermediate Capital Group (ICG). The French biotech company anticipates using the funding to advance its pipeline of therapeutics for rare endocrine and related disorders, including AZP-3601 and […]