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Simcere Enters $50 Million Deal for China Rights to Novel Insomnia Therapy

publication date: Nov 16, 2022

Nanjing Simcere Pharma acquired greater China rights to a novel insomnia therapy from Idorsia in a $50 million agreement. Idorsia is a Swiss pharma that develops small molecule therapies. Daridorexant is a dual orexin receptor antagonist that blocks the binding of orexins, which are wake-promoting neuropeptides, without inhibiting brain activity. Idorsia says the therapy provides sleep without causing daytime sleepiness. Simcere will make a $30 million upfront payment, a $20 million payment upon China approval, plus sales milestones and royalties. More details....

Stock Symbol: (HK: 2096) (SIX: IDIA)

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