it has acquired a royalty interest in worldwide sales of Xenpozyme for US$30-million. The company said additional performance-based milestones of up to US$26.5-million could be paid if sales of the drug outperform expectations.
The company said Xenpozyme is the only product developed and approved for the treatment of non-central nervous system manifestations of acid sphingomyelinase deficiency , also known as Niemann-Pick disease. “Xenpozyme is a product that provides ASMD patients and their families with a disease-modifying therapy where none previously existed. The drug represents a transformational shift in therapies available to patients who suffer from ASMD,” said CEO Behzad Khosrowshahi.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: