Jazz Pharma and Redx Pharma link up on KRAS inhibitor program

7 February 2024

Ireland-headquartered Jazz Pharmaceuticals (Nasdaq: JAZZ) and UK biotech Redx Pharma (AIM: REDX) today announced a definitive agreement under which Jazz will acquire Redx's KRAS (Kirsten rat sarcoma virus) inhibitor program.

Jazz and Redx, whose shares rocketed a massive 45% to 29.00 pence by midday, will collaborate to advance candidates through investigational new drug (IND) enabling studies; Jazz will be responsible for all clinical development, regulatory, manufacturing and commercialization activities.

Transaction terms

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