Swiss pharma giant Roche (ROG: SIX) edged 1.02% higher to 252.15 Swiss francs this morning, after it was revealed it is seeking a position in the hot area of liver disease.
It is acquiring the San Diego, USA-based biotech start-up Jecure Therapeutics, and its novel drug discovery programs targeting serious inflammatory diseases, today announced a definitive agreement by which it will be acquired by Genentech, a member of the Roche Group.
Financial terms of the deal were not disclosed. However, with this acquisition, Roche’s USA-based Genentech unit will obtain full rights to Jecure’s entire preclinical portfolio of NLRP3 inhibitors, being developed for fighting inflammatory diseases like non-alcoholic steatohepatitis (NASH) and liver fibrosis as well as gout, inflammatory bowel disease and cardiovascular diseases
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