AstraZeneca PLC is acquiring CinCor Pharma, Inc. for $1.3bn upfront in a bid to bolster its cardiorenal pipeline through the addition of a next-generation aldosterone synthase inhibitor (ASI) asset that could pair well with Farxiga. The company announced the deal on the opening day of the J.P. Morgan Healthcare Conference on 9 January.
AstraZeneca Nabs CinCor’s Hypertension Asset In $1.3bn Acquisition
Potential Combination With Farxiga
The UK major is acquiring CinCor in a deal that could be worth up to $1.8bn, in return getting hold of its Phase II hypertension candidate, baxdrostat, which offers combination potential with Farxiga.
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