Shares of the Cambridge, Mass, U SA-based Agios Pharmaceuticals (Nasdaq: AGIO) closed up more than 28% at $42.62 yesterday, in reaction to the news that it is selling its oncology business, aiming to focus on genetically-defined diseases.
Agios has entered into a definitive agreement to sell its commercial, clinical and research-stage oncology portfolio to French independently-owned drug major Servier, after which it will move forward with a singular focus on accelerating and expanding its genetically-defined disease portfolio, including the mitapivat clinical programs and a robust pipeline of therapeutic candidates.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze