Islet Sciences to acquire BHV Pharma along with diabetes and NASH products

13 March 2014

US biotech firm Islet Sciences (OTCBB: ISLT) says it has signed a binding letter of intent to acquire Brighthaven Ventures d/b/a BHV Pharma in a stock transaction.

BHV is a privately held pharmaceutical company developing the SGLT2 inhibitor remogliflozin etabonate for type 2 diabetes and non-alcoholic steatohepatitis (NASH). Remogliflozin is currently in Phase II clinical development.

The business will further expand Islet’s diabetes portfolio, following the acquisition of DiaKine Therapeutics, a biopharmaceutical company developing new, proprietary drugs for unmet medical needs in diabetes and complications related to diabetes (The Pharma Letter March 26, 2012).

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