Therachon expands rare disease pipeline with acquisition
Swiss rare diseases focused biotech Therachon today announced the acquisition of Canada-based GLyPharma Therapeutic for an undisclosed amount.
This transformational deal marks Therachon's evolution to a multi-asset rare disease company by adding apraglutide (FE 203799), a next-generation synthetic GLP-2 analog targeting short bowel syndrome (SBS) and other devastating rare gastrointestinal diseases. The transaction comes on the heels of a $60 million mezzanine financing led by Novo Holdings.
According to the latest report published by Credence Research, “ Short Bowel Syndrome Market the market was valued at $315.1 million in 2016, and is expected to reach $ 2.9 billion by 2025, expanding at a compound annual growth rate (CAGR) of 27.5% from 2017 to 2025.
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