Idorsia and Viatris successfully close the transaction for the global research
and development collaboration
Ad hoc announcement pursuant to Art. 53 LR
Allschwil, Switzerland – March 18, 2024
Idorsia Ltd (SIX: IDIA) today announced that it has successfully closed the
transaction with Viatris Inc. (NASDAQ: VTRS), a global healthcare company, for
the global research and development collaboration, focused on the development
and commercialization of two innovative compounds, selatogrel and cenerimod,
discovered by Idorsia.
The upfront consideration of USD 350 million has now been fully paid by
Viatris to Idorsia.
Further details will be provided with the combined Full Year 2023 and First
Quarter 2024 financial reporting on April 25 th .
The selatogrel and cenerimod programs will be discussed at an upcoming R&D day
of our partner Viatris.
Notes to the editor
About Viatris
Viatris Inc. (NASDAQ: VTRS) is a global healthcare company uniquely positioned
to bridge the traditional divide between generics and brands, combining the
best of both to more holistically address healthcare needs globally. With a
mission to empower people worldwide to live healthier at every stage of life,
we provide access at scale, currently supplying high-quality medicines to
approximately 1 billion patients around the world annually and touching all of
life’s moments, from birth to the end of life, acute conditions to chronic
diseases. With our exceptionally extensive and diverse portfolio of medicines,
a one-of-a-kind global supply chain designed to reach more people when and
where they need them, and the scientific expertise to address some of the
world’s most enduring health challenges, access takes on deep meaning at
Viatris. We are headquartered in the U.S., with global centers in Pittsburgh,
Shanghai and Hyderabad, India. Learn more at viatris.com and
investor.viatris.com, and connect with us on LinkedIn, Instagram, YouTube and X
(formerly Twitter).
About Idorsia
Idorsia Ltd is reaching out for more – We have more ideas, we see more
opportunities and we want to help more patients. In order to achieve this, we
will develop Idorsia into a leading biopharmaceutical company, with a strong
scientific core.
Headquartered near Basel, Switzerland – a European biotech-hub – Idorsia is
specialized in the discovery, development and commercialization of small
molecules to transform the horizon of therapeutic options. Idorsia has a
20-year heritage of drug discovery, a broad portfolio of innovative drugs in
the pipeline, an experienced team of professionals covering all disciplines
from bench to bedside, and commercial operations in Europe and North America –
the ideal constellation for bringing innovative medicines to patients.
Idorsia was listed on the SIX Swiss Exchange (ticker symbol: IDIA) in June
2017 and has over 800 highly qualified specialists dedicated to realizing our
ambitious targets.
For further information, please contact
Andrew C. Weiss
Senior Vice President, Head of Investor Relations & Corporate Communications
Idorsia Pharmaceuticals Ltd, Hegenheimermattweg 91, CH-4123 Allschwil
+41 58 844 10 10
investor.relations@idorsia.com
media.relations@idorsia.com
www.idorsia.com
The above information contains certain 'forward-looking statements', relating
to the company's business, which can be identified by the use of
forward-looking terminology such as 'estimates', 'believes', 'expects', 'may',
'are expected to', 'will', 'will continue', 'should', 'would be', 'seeks',
'pending' or 'anticipates' or similar expressions, or by discussions of
strategy, plans or intentions. Such statements include descriptions of the
company's investment and research and development programs and anticipated
expenditures in connection therewith, descriptions of new products expected to
be introduced by the company and anticipated customer demand for such products
and products in the company's existing portfolio. Such statements reflect the
current views of the company with respect to future events and are subject to
certain risks, uncertainties and assumptions. Many factors could cause the
actual results, performance or achievements of the company to be materially
different from any future results, performances or achievements that may be
expressed or implied by such forward-looking statements. Should one or more of
these risks or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described herein
as anticipated, believed, estimated or expected.
Anhang Medienmitteilung PDF