Bayer to Acquire KaNDy Therapeutics for Augmenting its Women's Healthcare Portfolio
Shots:
- KaNDy to receive $425M upfront- ~$450M milestones until launch followed by additional commercial milestones. The transaction is expected to be completed in Sept’2020
- The acquisition will add KaNDy’s menopause drug to Bayer’s portfolio. KaNDy has published results of its NT-814 in P-IIb study that demonstrated positive results in mod. to sev. vasomotor symptoms due to menopause with expected initiation of its P-III studies in 2021
- Additionally- in early 2020- Bayer expands its partnership with Evotec to develop multiple clinical candidates for the PCOS and enters an exclusive license agreement with Daré for Ovaprene which is an investigational hormone-free monthly vaginal contraceptive- currently in development for the prevention of pregnancy in the US
Ref: Bayer | Image: KaNDy
Related News: Bayer Signs an Exclusive Option to License Agreement with Dare Biosciences to Commercialize Ovaprene in the US
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