Servier Completes Edgewise Muscular Dystrophy Business Acquisition

Servier, an independent international pharmaceutical group governed by a foundation, announced that it has completed the acquisition of the muscular dystrophy business of Edgewise Therapeutics Inc, for up to $2.65 billion, including upfront payment of $1.55 billion as well as up to $1.1 billion in regulatory and commercial milestone payments. This announcement follows regulatory clearance and customary closing conditions. 

The acquisition significantly advances Servier's rare neurology pipeline with a late-stage asset, sevasemten, currently being investigated in a pivotal cohort in Becker muscular dystrophy (BMD), and in phase 2 in Duchenne muscular dystrophy (DMD). It also provides Servier with additional capabilities by integrating Edgewise Therapeutics' expertise to advance the development of sevasemten. 

"Delivering precision therapies to people with rare and devastating conditions is at the heart of Servier's mission. The combination of Edgewise's expertise in muscular dystrophy with Servier's global capabilities is a major step forward to accelerate the development of innovative treatments for people living with Becker and Duchenne", said Olivier Laureau, President of Servier. "This acquisition is a strategic milestone in achieving our Servier 2030 ambition in rare neurology." 

"Servier's strong commitment to patients, growing focus on rare neurology, and established global capabilities position them as the optimal partner to advance the muscular dystrophy business", said Kevin Koch, Ph.D., President and Chief Executive Officer of Edgewise Therapeutics.