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Cipher Acquires Astion Dermatology Assets

Gains two late-stage assets, Dermadexin and Pruridexin

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By: Kristin Brooks

Managing Editor, Contract Pharma

Cipher Pharmaceuticals has acquired worldwide rights to three products from Astion Pharma, a Denmark-based specialty pharma company. The three products are focused on inflammatory dermatological diseases: Dermadexin, Pruridexin, and ASF-1096.   Astion will receive an upfront payment of $6.0 million, and a subsequent $2.5 million upon regulatory approval and commercialization of Dermadexin or Pruridexin in the U.S. Additionally, the agreement includes approximately $31.5 million in payments based...

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