Vifor buys bigger ChemoCentryx stake from GSK

18 September 2018

Swiss drugmaker Vifor Pharma (VTX: VIFN) has upped its equity stake in ChemoCentryx, a company with a current focus on late-stage candidates for patients with rare kidney diseases.

Vifor has bought more than seven million shares from UK drug major GlaxoSmithKline (LSE: GSK) to take its stake in ChemoCentryx from 6.6% to 21.2%.

The increased investment follows the establishment of a partnership between Vifor and ChemoCentryx which began in May 2016.

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