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B-Ingelheim NASH Deal Boosts Pharmaxis’s Revitalization

 
• By Olga Galacho

The eagle has landed for Australian drug discoverer Pharmaxis in the form of a major deal with Boehringer Ingelheim for a non-alcoholic steatohepatitis (NASH) treatment, and the Sydney-based firm says it is ready to soar again following the transaction.

MELBOURNE - Pharmaxis Ltd. chief executive Gary Phillips told PharmAsia News that the bioventure has “a long runway ahead of it thanks to the Boehringer cash” and its extensive portfolio of amine oxidase-based compounds.

A day after the deal with the giant German pharmaceutical company Boehringer Ingelheim GMBH was announced, Phillips told an investor briefing that Pharmaxis had also completed a restructuring that...

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