Biogen acquires Remedy Pharmaceuticals’ Phase 3 candidate CIRARA

On May 16, 2017

Biogen has acquired Remedy Pharmaceuticals’ Phase 3 candidate CIRARA (intravenous glyburide). The target indication for CIRARA is large hemispheric infarction (LHI), a severe form of ischemic stroke where brain swelling often leads to a disproportionately large share of stroke-related morbidity and mortality.

The U.S. FDA recently granted CIRARA Fast Track and Orphan Drug Designation for severe cerebral edema in patients with acute ischemic stroke.

In pre-clinical studies, CIRARA has been shown to block SUR1-TRPM4 channels that mediate stroke related brain swelling. Clinical proof-of-concept studies have demonstrated the potential of CIRARA to reduce brain swelling, disability and the risk of death in patients with LHI.

Biogen’s R&D Executive VP, Michael Ehlers said that building on their leading position in multiple sclerosis, spinal muscular atrophy, and Alzheimer’s disease research, they see a compelling opportunity in stroke where they can leverage their core expertise in neuroscience to make a major difference in patient care. CIRARA represents a potential breakthrough stroke treatment that accelerates their efforts to build a portfolio of new therapies for neurologic diseases. They believe the data supporting the potential of CIRARA are compelling and that CIRARA can be a first-in-class therapy that gives physicians the ability to meaningfully improve patient outcomes in an area where effective treatments have been few and far between.

This transaction complements Biogen’s broader efforts to build a portfolio of best-in-class treatments for acute ischemic stroke. Biogen currently is conducting a Phase 2b study to determine whether its monoclonal antibody natalizumab can help patients with acute ischemic stroke improve functional outcomes by limiting brain inflammation in the post-stroke period. If successful, natalizumab and CIRARA will provide new approaches to treating different populations of stroke patients.

Biogen plans to continue the development and commercialization of CIRARA. Under the terms of the agreement, Remedy will share in the cost of development for the target indication for CIRARA in LHI stroke. Biogen will make an upfront payment of $120 million to Remedy and may also pay additional milestone payments and royalties.