Taro sells US rights to Keveyis

27 December 2016

US drugmaker Taro Pharmaceutical Industries (NYSE: TARO) says it has sold the US rights to Keveyis (dichlorphenamide) to Strongbridge Biopharma (Nasdaq: SBBP), a global commercial-stage biopharmaceutical company focused on the development and commercialization of therapies for rare diseases with significant unmet need.

Keveyis was approved by the US Food and Drug Administration in August 2015 to treat primary hyperkalemic and hypokalemic periodic paralysis, a group of rare hereditary disorders that cause episodes of muscle weakness or paralysis. Keveyis has orphan designation status through August 2022.

Strongbridge to pay $8.5 million plus sales-relating milestones

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