Chinese biopharma Everest Medicines (HKEX 1952) has won approval from China's National Medical Products Administration (NMPA) for Nefecon (budesonide) for the treatment of primary immunoglobulin A nephropathy (IgAN) in adults at risk of disease progression.
Nefecon, which is branded Tarpeyo in the USA, was the first ever treatment for IgAN approved by the US Food and Drug Administration and European Medicines Agency.
In June 2019, Everest entered into an exclusive, royalty-bearing license agreement with Swedish biopharma Calliditas Therapeutics (Nasdaq: CALT) to acquire exclusive rights to develop and commercialize Nefecon in Mainland China, Hong Kong, Macau, Taiwan and Singapore. The agreement was extended in March 2022 to include South Korea as part of Everest Medicine's territories.
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