Biochemical Engineering

Orchard lands $387M Kyowa buyout

Orchard lands $387M Kyowa buyout

5th October 2023

Kyowa Kirin has addressed calls to strengthen its late-phase pipeline by inking a deal to buy Orchard Therapeutics for $387.4 million upfront. The takeover will give Kyowa ownership of OTL-200, an early-onset metachromatic leukodystrophy gene therapy that is under review at the FDA. The therapy is already sold in Europe as Libmeldy and generated $6.6 million in the second quarter. Source: Fierce Biotech 5/10/2023


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