AstraZeneca Expands Rare Disease Portfolio with $1.05 Billion Amolyt Acquisition

Clinical Research News

AstraZeneca’s $1.05 billion acquisition of Amolyt Pharma marks a significant expansion of its rare disease portfolio. Amolyt Pharma, a French biotech company, specializes in developing treatments for rare endocrine disorders.
This acquisition aligns with AstraZeneca’s strategic goal of broadening its rare disease offerings and enhancing its presence in this niche area. Notably, AstraZeneca highlighted that hypoparathyroidism impacts approximately 115,000 people in the U.S. and 107,000 in the European Union, with around 80% of these patients being women.
Under the terms of the agreement, AstraZeneca will acquire all of Amolyt Pharma’s outstanding shares, comprising an $800 million upfront payment and an additional $250 million contingent on achieving a specific regulatory milestone.
The transaction is anticipated to be completed by the end of the third quarter of 2024.

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