After axing a top drug, Millendo bags a PhII replacement with biotech buyout
Millendo Therapeutics has acquired a small French biotech named Alizé Pharma SAS ̶ and its Phase II obesity-related drug ̶ in a deal that helps fill out Millendo’s previously thinning pipeline in orphan endocrine diseases.
Millendo wouldn’t disclose the pricetag, but said the acquisition was an all-stock transaction. The deal gets Millendo a Phase II asset called livoletide, a drug meant to treat a rare genetic disease called Prader-Willi Syndrome (the most common form of genetic obesity). A big concern for these patients is the excessive hunger, or hyperphagia, that results in over-eating. Preclinical and clinical data on livoletide have indicated that the drug decreases hyperphagia and negative food-related behaviors, Millendo says.
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