Santhera completes Raxone business divestment to Chiesi Group
Swiss rare diseases specialist Santhera Pharmaceuticals (SIX: SANN) says it has fully divested Raxone (idebenone) for all indications to Italian family-owned drugmaker Chiesi Group, replacing the 2019 agreement between the companies.
Chiesi acquired all assets and certain liabilities related to idebenone in all indications worldwide, including Raxone in Leber’s hereditary optic neuropathy (LHON) for which Chiesi already held exclusive license rights globally since 2019, except for North America and France. The agreement simplifies the Raxone business significantly for both companies with Chiesi becoming the global brand owner while enabling Santhera to focus on the launch of vamorolone in Europe, subject to approval. The transaction closed on July 28, 2023.
New financial terms
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