Gene therapy maker Orchard Therapeutics sells to Kyowa Kirin for $387M cash as lead program awaits 2024 FDA verdict
Orchard Therapeutics’ gene therapies will have a new home as Japan’s Kyowa Kirin buys out the biotech for $387.4 million in cash.
Kyowa Kirin will now take over marketing of Orchard’s only product, Libmeldy (atidarsagene autotemcel or OTL-200), for a rare and fatal metabolic disorder known as early-onset metachromatic leukodystrophy. The therapy, which is already approved in the EU and UK, is set to get a decision from the FDA in March 2024.
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