Idorsia sells its Asia Pacific operations to Sosei Heptares for CHF 400 million

The Idorsia Japan and Idorsia Korea team joining Sosei Heptares brings significant experience in drug development and commercialization with a strong footprint in Japan that extends into the APAC (ex-China) region. The team of 135 people (130 in Japan, five in South Korea) includes experts in clinical development and product commercialization, including regulatory and medical affairs, pricing and market access and sales and marketing. This team is led by Dr. Satoshi Tanaka, who joins Sosei Group as Representative Director and President of the Japanese and South Korean legal entities, and as a newly appointed Executive Officer of the Company.

In addition, the transaction worth CHF400 million includes the assignment of the license for PIVLAZ (clazosentan) and all intellectual property and know-how for the territory, and a co-exclusive license for daridorexant – further to the agreement in place with Mochida Pharmaceutical. The transaction also includes an option for Sosei Heptares – upon payment of separate option fees – to license cenerimod and lucerastat for the development and commercialization in the Territory (Australia, Brunei, Cambodia, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Thailand, Taiwan, and Vietnam).

Idorsia will supply bulk tablet of PIVLAZ and daridorexant to Sosei Heptares. In addition, there will be transition service agreements (TSA) between Idorsia and Sosei Heptares mainly for regulatory/filing activities, clinical development, CMC (Chemistry, Manufacturing and Controls), and IT.

Idorsia has granted Sosei Heptares a right of first negotiation and right of first refusal on certain pipeline assets for the Territory showing a clear commitment from Idorsia to continue to work with Sosei Heptares as a preferred partner.

(Press release / SK)