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Santhera Shores Up Finances With Chiesi Deal for Raxone

 
• By Kevin Grogan

In a deal that could be worth CHF105m, the Swiss biotech has outlicensed Raxone to Chiesi for the rare eye disease LHON as it concentrates on the drug's filing for Duchenne muscular dystrophy.

PaintedHands
Switzerland's Santhera joins forces with Italy's Chiesi for Raxone • Source: Shutterstock

Santhera Pharmaceuticals AGis making the bold move of outlicensing to Chiesi Farmaceutici SPA its only revenue generator – Raxone for Leber’s hereditary optic neuropathy (LHON) – to raise funds for the Swiss company's pipeline.

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