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Biogen Builds Out Neuroscience Niche With Ischemic Stroke Drug

 
• By Jessica Merrill

Biogen acquired rights to Remedy's Cirara, a Phase III-ready candidate in development for large hemispheric infarction, a severe stroke where brain swelling causes high mortality.

Biogen Inc.'s latest pipeline deal sticks to management's pledge to expand the pipeline with assets in neuroscience and adjacencies. The company announced May 15 that it agreed to pay Remedy Pharmaceuticals Inc. $120m upfront in exchange for rights to Cirara (intravenous glyburide) in development for stroke.

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