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Chronos' Deal With Shire Is 'Just The Start' Of Its Acquisitive New Strategy

 
• By Lucie Ellis-Taitt

Chronos Therapeutics' acquisition of three preclinical central nervous system (CNS) disease-targeting assets from Shire PLC is the first of a possible series of deals the emerging biotech is seeking under its new business strategy.

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In 2015 Chronos made the decision to pursue an acquisition strategy for new assets to develop alongside its own preclinical CNS and obesity programs. Now, with Shire as a new equity investor and pharma partner, Chronos has big plans to secure more financing to enable it to move its three new compounds into the clinic simultaneously.

The three programs UK-based Chronos has picked up from Shire are preclinical compounds targeting indications of fatigue in multiple sclerosis (MS), addictive behaviors and potentially post-traumatic stress disorder.

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