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Deal Watch: Purdue Continues Move Away From Opioids With Alivio Deal

 
• By Joseph Haas, Jo Shorthouse, Ian Haydock, and Jung Won Shin

In its continuing efforts to diversify away from opioid pain drugs, Purdue partners on non-opioid program with Alivio. Rigel licenses Tavalisse rights in all indications go to Spain’s Grifols.

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Scrip regularly covers business development and deal-making in the biopharmaceutical industry. Deal Watch is supported by deal intelligence from Strategic Transactions.

Purdue Pharma LP may have built its pain specialty on opioid products, but continues to be under pressure as the opioid epidemic worsens. The firm continued its efforts to move into non-opioid pain drugs with a partnership, announced Jan. 28, with PureTech Health PLC affiliate Alivio Therapeutics to advance a preclinical candidate for interstitial cystitis/bladder pain syndrome (IC/BPS)

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