Otsuka inks up to $510 in-licensing deal for hypercholesterolemia drugs
Japan’s Otsuka (TYO: 45678) has entered into to acquire exclusive development and commercialization rights in Japan for Nexletol (bempedoic acid) and Nexlizet (bempedoic acid/ezetimibe) from USA-based Esperion Therapeutics (Nasdaq: ESPR).
Both medicines were recently approved by both the US Food and Drug Administration and European Commission. In Europe, the drug has been licensed to Japanese drugmaker Daiichi Sankyo’s (TYO: 4568) local subsidiary. In a deal worth up to $900 million.
Transaction terms
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