AstraZeneca acquires Amolyt Pharma for up to $1.05bn, bolstering its rare diseases portfolio.

AstraZeneca to acquire Amolyt Pharma, a clinical-stage biopharmaceutical firm, for up to $1.05bn. The deal involves an upfront payment of $800m, with the potential for an additional $250m upon achieving a specified milestone. Amolyt's focus is on therapeutic peptides for rare endocrine diseases, with eneboparatide in Phase 3 for hypoparathyroidism. The acquisition is expected to bolster AstraZeneca's rare diseases portfolio and close by Q3 2024, subject to conditions and regulatory clearances.

March 14, 2024
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