Eusa Pharma purchases global Sylvant rights from Janssen Sciences Ireland.
M2 EQUITYBITES-January 11, 2019-Eusa Pharma purchases global Sylvant rights from Janssen Sciences Ireland
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Eusa Pharma, a biopharmaceutical company, has purchased the global rights to Sylvant (siltuximab), a drug for the treatment of idiopathic multicentric Castleman's disease (iMCD) from Janssen Sciences Ireland, it was reported yesterday.
The deal is valued at USD115m. The firm is planning to re-launch Sylvant across the US during this month, and is currently training a team of 30 specialist oncology representatives and medical science liaisons to better market the treatment.
The drug has received approval in more than 40 countries to treat iMCDe, which is a subtype of Castleman disease or giant lymph node hyperplasia, lymphoid hamartoma, or angiofollicular lymph node hyperplasia. The product is a monoclonal antibody that inhibits the action of interleukin-6 (IL-6), a multifunctional cytokine detected at elevated levels in iMCD patients. It is claimed to be the only approved treatment for iMCD in the US. Eusa Pharma aims to commercialise Sylvant through its global commercial platform, allowing it to expand the treatment into new markets.
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