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Vertex Pharmaceuticals to Acquire Alpine Immune Sciences for $4.9 Billion US-based Vertex Pharmaceuticals has agreed to pay approximately $4.9 billion in cash to acquire Alpine Immune Sciences, Inc., a compatriot #biotechnology company focused on discovering and developing innovative, protein-based #immunotherapies. The transaction was unanimously approved by the boards of directors of both companies and is expected to close later this quarter. Alpine’s lead molecule, povetacicept (ALPN-303), is a dual antagonist of BAFF (B cell activating factor) and APRIL (a proliferation inducing ligand). Through Phase 2 development, povetacicept has shown potential best-in-class efficacy in IgA nephropathy (IgAN), the companies said in a joint statement. IgAN is a serious, progressive, autoimmune disease of the kidney that can lead to end-stage-renal disease. So far, there are no approved therapies that target the underlying cause of IgAN. Povetacicept is on track to enter Phase 3 clinical development in the second half of 2024. Read more on #CMI online: https://lnkd.in/ebDN63QP

Vertex to Acquire Alpine Immune Sciences for $4.9 Billion

Vertex to Acquire Alpine Immune Sciences for $4.9 Billion

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