Roivant flips ulcerative colitis drug to Roche for $7.1B, less than a year after getting the drug from Pfizer
Roivant will sell its potential blockbuster ulcerative colitis drug to Roche for $7.1 billion, less than a year after acquiring it from Pfizer for what was effectively pennies on the dollar and after months of news reports hinting that a deal of that size was in the works.
The Swiss Big Pharma nabs a drug that could compete with Merck’s $10.8 billion purchase of Prometheus Biosciences earlier this year and Sanofi’s $1.5 billion pact with Teva. Their drugs are all TL1A inhibitors.
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