Santarus, the San Diego-based drug developer, said today it has acquired two biotech drugs. Santarus (NASDAQ: [[ticker:SNTS]]) said it has acquired recombinant human C1 inhibitor (Rhucin) for hereditary angioedema from Netherlands-based Pharming Group for a $15 million upfront free and a $5 million milestone payment. Santarus is also getting a humanized anti-VLA1 antibody drug for inflammatory and autoimmune diseases via the acquisition of closely-held Covella Pharmaceuticals for $1.8 million. Last week, Santarus also sought to build up its pipeline by obtaining a drug candidate for type 2 diabetes.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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