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Leo Pharma sells development program, becomes shareholder of Swedish biotech buyer

Swedish biotech firm Aqilion has acquired a phase-1 ready candidate from Leo Pharma, and the firm is aiming to address a high unmet medical need in the form of the inflammation disease, eosinophilic esophagitis. Through the deal, Leo Pharma also becomes a shareholder of Aqilion.

Leo Pharma sells phase-I ready drug candidate and becomes a shareholder in Swedish buyer Aqilion | Photo: Leo Pharma / PR

International attention continues to be fixed on Leo Pharma, which saw its CEO Catherine Mazzacco step down with immediate effect last week.

The skin specialists from Copenhagen have managed to stir up interest in its JAK inhibitor Leo 142397 at Swedish Aqilion. So much so that they company is buying all of the program's rights, which is ready for human testing, Aqilion announces in a press release.

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