Another product acquisition for TerSera Therapeutics

3 August 2020

TerSera Therapeutics, a portfolio company of the Chicago, USA-based private equity firm GTCR, is to buy Xermelo (telotristat ethyl) from Lexicon Pharmaceuticals (Nasdaq: LXRX).

TerSera has agreed to pay $159 million plus unspecified potential milestone payments, based on development and commercialization in a new indication.

Approved by the US regulator in March 2017, Xermelo is the first orally administered therapy for carcinoid syndrome diarrhea (CSD), a rare condition caused by neuroendocrine tumors.

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