Amgen Completes Acquisition of Kai Pharmaceuticals
Amgen has paid $315 million to acquire Kai Pharmaceuticals, gaining worldwide rights - excluding Japan - to the company's KAI-4169 programme in the process.
Amgen has completed its acquisition of Kai Pharmaceuticals, bringing the company's lead product candidate KAI-4169 into its portfolio.
The agreement was originally announced on April 10th, when Amgen revealed it would pay $315 million in cash for the San Francisco-based outfit.
Its lead product candidate is currently being studied for the treatment of secondary hyperparathyroidism in patients undergoing dialysis as a result of chronic kidney disease.
Amgen now has worldwide rights - excluding Japan - to the therapy, which has produced promising results in phase-IIa clinical trials to date.
Speaking earlier th
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