Shire to investigate new delivery technology for hemophilia A therapy
Ireland-headquartered rare disease specialist Shire (LSE: SHP) has entered into a collaboration to exclusively conduct research on the use of the Rani Pill technology for the oral delivery of factor VIII (FVIII) therapy for patients with hemophilia A, developed by Rani Therapeutics, a spin-out from InCube Labs.
Under the terms of the deal, Shire gains an exclusive option to negotiate a license to develop and commercialize the technology for delivery of FVIII therapy following completion of feasibility studies. As part of the collaboration, Shire has also made an equity investment into Rani Therapeutics. The specific terms of this deal were not disclosed.
Shares in Shire were down 1.0% at 3,609.50 pence Tuesday after the announcement.
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