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Fortress-founded Caelum Biosciences to receive $60 million; Alexion has option to acquire Caelum based on Phase 2 data
February 1, 2019
By: Tim Wright
Editor-in-Chief, Contract Pharma
Fortress Biotech-founded Caelum Biosciences has signed an agreement with Alexion Pharmaceuticals to advance the development of CAEL-101 for light chain (AL) amyloidosis. CAEL-101 is a first-in-class amyloid fibril targeted therapy designed to improve organ function by reducing or eliminating amyloid deposits in patients with AL amyloidosis. AL amyloidosis is a rare systemic disorder that causes misfolded immunoglobulin light chain protein to build up in and around tissues, resulting in progressi...
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