Zydus unit acquires global rights to Eiger BioPharma’s Zokinvy
Sentynl Therapeutics, the USA-based wholly-owned subsidiary of Indian generics major Zydus Lifesciences (NYSE: ZYDUSLIFE), has announced the closing of the sale of Eiger BioPharmaceuticals’ (OTC: EIFRQ) Zokinvy (lonafarnib) program to Sentynl.
Shares of insolvent rare disease drug developer Eiger closed up more than 12% at $2.69 following the announcement on Friday.
As previously disclosed by Eiger, on April 1, 2024, Eiger and its direct subsidiaries filed voluntary petitions for relief under chapter 11 of Title 11 of the United States Code (Chapter 11 Cases) in the US Bankruptcy Court for the Northern District of Texas (Bankruptcy Court).
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