News
17 Apr 2012
Amgen to Acquire KAI Pharmaceuticals in $315M Deal
KAI Pharmaceuticals is to become a wholly owned subsidiary of Amgen.
Amgen is to acquire privately held pharmaceutical company KAI Pharmaceuticals in an agreement worth $315 million in cash.
The biotechnology pioneer will acquire worldwide rights - excluding Japan - to KAI's lead product candidate KAI-4169, which is currently being developed for the treatment of secondary hyperparathyroidism (SHPT) in patients with chronic kidney disease who are on dialysis.
KAI's clinical development programme for the drug has already produced promising phase-IIa results and Amgen has provided a loan to enable phase-III planning to proceed prior to closing.
Steve James, president and chief executive officer of KAI, said: "
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