Pharming Group offers $66.1M to acquire Swedish biotech Abliva, expanding its rare disease portfolio.

Pharming Group N.V., a Dutch pharmaceutical company, has offered to buy all shares of Swedish biotech firm Abliva AB for about $66.1 million. Abliva develops treatments for mitochondrial diseases, with its main product, KL1333, in a critical trial. Pharming plans to finance the acquisition with existing funds and expects the deal to boost its late-stage pipeline and support its goal of becoming a leading rare disease company.

3 months ago
4 Articles