Expansion of rare renal disease deal takes value beyond $100 million
Vifor Pharma, part of Switzerland’s Galenica Group (VTX:GALN), has bought the rights to commercialize CCX168/avacopan in Asia, including Japan and the Middle East, from USA-based biopharma company ChemoCentryx (Nasdaq: CCXI).
Rights in the USA and China to avacopan, an orally-administered inhibitor of the complement 5a receptor (C5aR) which is currently in Phase III development for rare renal diseases, will be retained by ChemoCentryx.
"We and Vifor Pharma believe these assets have the potential to transform lives of those with devastating rare renal diseases, and to build extraordinary value for both of our enterprises"
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