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'Welcome home': Stromedix buy brings fibrosis drug back to Biogen

 
• By Nancy Faigen

Biogen Idec has agreed to acquire five-year-old, privately-held Stromedix Inc for $75 million upfront and up to $487.5 million in milestones. But there is a twist to the buyout, as the research programme at the heart of the startup – which is also behind a candidate for idiopathic pulmonary fibrosis (IPF) - began at Biogen.

Biogen Idec has agreed to acquire five-year-old, privately-held Stromedix Inc for $75 million upfront and up to $487.5 million in milestones. But there is a twist to the buyout, as the research programme at the heart of the startup – which is also behind a candidate for idiopathic pulmonary fibrosis (IPF) - began at Biogen.

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