Newly Hatched Mirum To Focus On Rare Liver Disease Candidates Shelved By Shire

With $120m in Series A funding, the new company headed by former Lumena execs will advance maralixibat into Phase III in Alagille syndrome and progressive familial intrahepatic cholestasis. Shire acquired Lumena for $260m in 2014, but lost interest in the drug.

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Drug development often takes a non-linear route, sometimes a path closer to a circle. That’s more or less the case with newly minted Mirum Pharmaceuticals, whose team of former Lumena Pharmaceuticals Inc. and Tobira Therapeutics Inc. execs is taking over a pair of Phase III-ready candidates for rare liver disorders shelved earlier this year by Shire PLC.

Shire obtained the pair of apical sodium-dependent bile acid transporter (ASBT) inhibitors in its $260m buyout of Lumena in 2014, but decided after a portfolio review earlier this year that it didn’t want to take either maralixibat (SHP625/LUM-001) or volixibat (SHP626/LUM-002) into Phase III. (Also see "Shire buys repurposed Pfizer/Sanofi drugs through $260m Lumena acquisition" - Scrip, 12 May, 2014

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