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Pharma Tech Outlook | Tuesday, January 31, 2023
CymaBay and Kaken Pharmaceutical's partnership aims to develop and commercialize CymaBay's investigational drug, seladelpar, in Japan to treat primary biliary cholangitis.
FREMONT, CA: "We are honored to collaborate with Kaken, a company that shares our passion and dedication to working together to bring to market novel therapies targeting serious rare diseases," said Sujal Shah, Chief Executive Officer of CymaBay. "Kaken is a well-regarded leader in development and commercialization in Japan with a proud history of scientific and medical innovation. By working together, we believe that if approved, we can potentially make seladelpar broadly available to Japanese patients to complement CymaBay's efforts to provide access in the U.S. and other parts of the world. This collaboration is an important next step in achieving our vision of becoming the global leader in treating cholestatic liver diseases."
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CymaBay reveals that it has entered into a licensing and collaboration agreement with Kaken Pharmaceutical to develop and commercialize seladelpar, its investigational drug for primary biliary cholangitis (PBC), in Japan.
According to the agreement, Kaken will leverage an exclusive license to develop, commercialize and market seladelpar in Japan for PBC. The agreement sets a total of ¥4.5 billion (approximately USD 34.0 million) to be paid by Kanken to CymaBay, with additional potential milestone payments to CymaBay, amounting to approximately USD128.4 million at current exchange rates, in addition to over 20 percent royalty payments. In Japan, Kaken will be responsible for developing, obtaining regulatory approval, and commercializing seladelpar.
"We are pleased to begin a collaboration with CymaBay, a company with a strong passion toward developing novel therapeutics for cholestatic liver diseases," said Hiroyuki Horiuchi, President and Representative Director of Kaken. "With this collaboration, we hope we can help improve the lives of patients with cholestatic liver disease in Japan."
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