Synergy Pharma out-licenses Trulance in China

8 August 2018

US biopharma firm Synergy Pharmaceuticals (Nasdaq: SGYP) traded up 7.06 % to $1.76 yesterday, when the company announced a licensing deal for its best selling gastrointestinal drug in China, as well as releasing second-quarter results.

Synergy has entered into a license agreement with China-based Luoxin Pharmaceuticals granting the latter exclusive rights to develop and commercialize Synergy’s lead product Trulance (plecanatide) for the treatment of adults with chronic idiopathic constipation (CIC) and irritable bowel syndrome with constipation (IBS-C) in mainland China, Hong Kong and Macau.

Deal potential worth $68 million

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