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Itch-Focused Creabilis Finally Secures Its Future Through US Sale

 
• By Sukaina Virji

Creabilis has finally secured the future of its Phase III-ready psoriatic itch candidate CT327 – through a sale of the company to young US firm Sienna Biopharmaceuticals.

Sienna Biopharmaceuticals Inc. of California, a privately held medical dermatology and aesthetics company, has acquired Creabilis SA (more recently a PLC), for an undisclosed upfront payment in cash and stock, as well as additional payments dependent on achieving specific regulatory and commercial milestones, which could exceed $150m.

Creabilis has been ready to start Phase III trials for quite some time: initial Phase IIb data were reported in 2013 when Immunocore's Eliot Forster was at the helm of the company

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