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Bayer Hopeful Of Sweet Success With KaNDy Buy

Gets Hold Of Late-Stage Non-Hormonal Menopause Drug

 
• By Kevin Grogan

Bayer is paying $425m upfront to acquire KaNDy Therapeutics, whose CEO tells Scrip that the German group was always the preferred partner due to its long-standing commitment to women’s health.

KaNDy_Therapeutics
In demand: CEO Mary Kerr (c) and colleagues • Source: KaNDy Therapeutics

Formed just three years ago, the UK's KaNDy Therapeutics Ltd. and its promising non-hormonal menopause drug for hot flashes and night sweats have been acquired by Bayer AG in a deal that could be worth north of $870m.

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