Espero Pharmaceuticals and Armetheon to merge
Privately-held US drugmakers Espero Pharmaceuticals and Armetheon have announced their plans to merge. On completion of the merger, which is expected to occur in the second quarter of 2017, the combined company will be named Espero BioPharma.
The merger will create a premier cardiovascular biopharmaceutical company with a portfolio of recent Food and Drug Administration-approved products, a robust late-stage pipeline, and a growth plan focused on developing innovative products, acquisitions and the commercialization of portfolio products in the USA and with partners worldwide.
Armetheon recently announced it has reached agreement with the FDA for a single 1,000 patient final pivotal trial for its leading drug candidate, tecarfarin (Tecarfarin for AntiCoagulation Trial or TACT) prior to filing a New Drug Application (NDA), which is currently projected to occur in 2019.
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