Bayer acquires rights to Cytokinetics' heart drug in Japan

- 11/19/2024

</head><body><p>FRANKFURT (Reuters) - Bayer on Tuesday struck a collaboration deal with U.S. biotech firm Cytokinetics to acquire certain rights in Japan to an experimental heart drug, as the German group strengthens its cardiovascular business with smaller deals.</p><p>Cytokinetics will receive 50 million euros ($53 million) upfront, plus up to 90 million euros contingent on certain development achievements, Bayer said in a statement.</p><p>Cytokinetics also stands to receive up to 490 million euros from Bayer, depending on certain sales milestones.</p><p>The deal covers certain uses of drug candidate aficamten in hypertrophic cardiomyopathy, an inherited condition that limits the heart’s pumping function. </p><p>German diversified group Bayer, which is burdened by debt, weak agriculture markets and costly litigation, has faced investor calls to boost its drug development pipeline.</p><p>In March, Bayer acquired European commercialization rights for heart drug acoramidis for up to $310 million from a group of companies.</p><p>($1 = 0.9448 euros)</p><p/><p> (Reporting by Ludwig Burger, Editing by Friederike Heine)</p></body></html></p> <div id="news-wrapper"> <div class="thumbnail additional-resources client-content-image-box"> <div class="box-image" style="background-image: url(/images/home/news.jpg);"></div> <div class="caption"> <h3>Nationwide News</h3> <div> <p><a href='/aging/news-archive.aspx'>News Archive</a></p> </div> </div> </div> </div> </div> </div> </div> </section> </div>  <footer class="footer">  <div class="clearfix footerInfo"> <div class="container"> <div class="row"> <div class="col-sm-7 col-xs-12"> <div class="footerText"> <a href="http://www.trilogyir.com/" target="_blank" class="footerLogo"><img src="/images/Noc-Logo-white.png" alt="Footer Logo" style="width: 200px;"></a> <div class="genericContent" id="landingPageText"> <p>The Network of Care is a comprehensive, Internet-based community resource for seniors and persons with disabilities, as well as their caregivers and service providers.</p> </div> <h3 id="lblTechAssistance" style="color: #fff; 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Bayer acquires rights to Cytokinetics' heart drug in Japan