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flag GSK sells global rights to its experimental liver drug linerixibat to Alfasigma for up to $690 million.

flag GSK has licensed global rights to its experimental drug linerixibat, which treats severe itching from primary biliary cholangitis, to Italy’s Alfasigma in a deal worth up to $690 million. flag Alfasigma will develop, manufacture, and commercialize the drug worldwide, paying GSK $300 million upfront, with potential additional payments of $100 million upon U.S. FDA approval, $20 million for EU and UK approval, up to $270 million in sales milestones, and tiered double-digit royalties. flag The drug, not yet approved anywhere, holds orphan drug status in the U.S., EU, and Japan and is under review following positive phase III trial results. flag The deal closes March 24, allowing GSK to focus on other liver disease treatments.

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