Cash-strapped Idorsia in timely talks to out-license aprocitentan
Swiss drugmaker Idorsia (SIX: IDIA) was trading more than 10% higher by lunchtime on Wednesday.
Idorsia earlier announced that it has entered into exclusive negotiations with an undisclosed party for the global rights to aprocitentan.
The once-daily, orally active, dual endothelin receptor antagonist, which inhibits the binding of ET-1 to ETA and ETB receptors, has won regulatory approvals this year in the USA and the European Union (EU), for the treatment of hypertension in combination with other antihypertensive drugs.
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