Biogen pays $120 million plus for stroke candidate Cirara
US biotech major Biogen (Nasdaq: BIIB) has filled out its pipeline with Remedy Pharmaceuticals’ Cirara (intravenous glyburide), a neurology candidate under development to treat a certain kind of stroke.
It’s hoped that the drug, which has undergone Phase II testing, can be used to treat large hemispheric infarction (LHI), a severe form of stroke caused by brain swelling.
The US Food and Drug Administration has declared Ciara an orphan drug for this indication, and granted the treatment Fast Track designation.
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