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lexicon sells rights to cardio drug to viatris amid restructuring efforts

Lexicon Pharmaceuticals has sold the rights to its cardio drug, sotagliflozin, to Viatris for $25 million upfront, with potential milestone payments of up to $200 million. This move comes as Lexicon restructures and aims to expand into Type 1 diabetes, with an FDA advisory panel set to review the drug's use in this area on October 31. The approval could unlock a $400 million U.S. market for the drug, which is currently marketed as Inpefa for heart failure and related conditions.
BioPharma Dive
United States Dollar Eli Lilly and Company Viatris Inc. Food and Drug Administration Jefferies Financial Group Inc. Lexicon Pharmaceuticals, Inc. USA Jeff Wade Andrew Tsai Show more
Healthcare, News Article
13:15 17.10.2024
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