Drug maker Lupin on Thursday said it will acquire two inhalation brands from Sunovion Pharmaceuticals Inc for USD 75 million (around Rs 622 crore). The drug firm has inked a pact with US-based Sunovion to acquire Brovana (arformoterol tartrate) inhalation solution and Xopenex HFA (levalbuterol tartrate) inhalation aerosol.
“I am proud of the progress Flex Pharma has made to date, with the advancements made in the clinical development of FLX-787 for ALS, MS and CMT,” said Dr. Westphal. “Now that Flex is about to initiate two Phase 2 studies in the U.S., this is the right time for me to hand the reins to Bill given his extensive clinical development experience and successful track record of multiple drug approvals. As the largest shareholder of Flex, I am confident that Bill and the Flex management team will continue to advance and deliver this important medicine to patients. I look forward to working with the team as Chair, and to returning to my full-time venture capital role as Partner at Longwood Fund.”
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