Roche acquires Promedior Inc. for $390 million expanding its fibrotic disease pipeline
Roche has agreed to pay $390 million upfront to acquire Boston-based Promedior Inc. with a combined upfront and milestone based payment of $1.4 billion. The startup focuses on fibrosis in various organs and currently has one candidate, PRM-151, for idiopathic pulmonary fibrosis ready for phase 3 trial. Additional pipeline includes candidates for myelofibrosis, NASH / liver fibrosis, fibrotic kidney disease and fibroproliferative retinal diseases in early-to-mid stage trials.
"We are excited to combine Promedior's portfolio with our drug development capabilities to further advance PRM-151 in fibrotic diseases, including IPF and MF,” added James Sabry, M.D., Ph.D., global head of Roche Pharma Partnering. “With our proven track record in IPF with Esbriet as well as in hematological cancers, we are well-positioned to leverage our clinical and commercial expertise to bring PRM-151 to patients as fast as possible.”
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