Biotech startup aims to revive hematology candidate in new therapy area
Privately-held US biotech firm Palladio Biosciences has bought the global rights to lixivaptan from the American arm of Italy's Chiesi Farmaceutici.
The company aims to develop lixivaptan for polycystic kidney disease (PKD), a rare condition for which there are no drug treatments approved in the USA.
The drug comes with an extensive amount of safety data from 36 clinical studies conducted as part of a prior clinical development program for the treatment of hyponatremia, a hematological condition in which patients have too little sodium in the blood.
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