It is definitely the season to be jolly for Genfit SA after signing a lucrative licensing deal with fellow French firm Ipsen SA for elafibranor for the rare liver disease primary biliary cholangitis, some 18 months after the compound was discontinued as a potential treatment for NASH.
Ipsen Gives Genfit Liver Drug New Lease Of Life
Pays €120m Upfront For Elafibranor Rights
The French biotech was firmly on the ropes last year after elafibranor joined the long list of failures for NASH but the promise it has shown in primary biliary cholangitis has persuaded Ipsen to part with a hefty upfront fee.
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