Swiss drug firm Idorsia sells rights to its drug aprocitentan, gets $35M, plans job cuts.

Swiss pharmaceutical company Idorsia is in exclusive negotiations to sell global rights to its drug aprocitentan, receiving a $35 million exclusivity fee, which extends its financial runway to 2025. The deal may also include additional payments. Idorsia plans to streamline operations, potentially cutting about 270 jobs globally, and restructure its debt.

November 27, 2024
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