Another product acquisition for TerSera Therapeutics
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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