News

Allergan Acquires Akarna Therapeutics Adding to its Strong Development Program and Commitment to Innovation in NASH

– Acquisition Adds Global Rights to AKN-083, a Potentially Best-in-Class Preclinical FXR Agonist for the Treatment of NASH –
– NASH Fastest Growing Cause of Liver Cancer, Liver Transplant in the U.S.[i] –
— Acquisition Highly Complementary to Previously Announced Acquisition of Tobira Therapeutics’ NASH Development Compounds —
— Enhances Allergan’s Gastroenterology Pipeline and Growing International Presence in GI –
– Allergan to Hold Conference Call and Webcast Wednesday, September 21, 2016 at 8:30 a.m. ET to Discuss Recent R&D Acquisitions —

DUBLIN, Sept. 20, 2016 /PRNewswire/ — Allergan plc (NYSE: AGN), a leading global pharmaceutical company, today announced that the Company has acquired Akarna Therapeutics Ltd., a privately held biopharmaceutical company focused on developing novel small molecule therapeutics that target inflammatory and fibrotic diseases, for an up-front payment of $50 million, subject to certain adjustments, as well as potential clinical, regulatory and commercial milestone payments related to its lead development compound, AKN-083. In addition to AKN-083, the acquisition also includes a portfolio of additional development-stage FXR compounds.

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Akarna Therapeutics Raises $15 Million Series B Financing to Develop Novel FXR Agonist-Based Therapies for the Treatment of NASH and other Fibrotic Diseases

Funding to advance Akarna’s lead drug candidate through human proof-of-concept studies

SAN DIEGO, USA and CAMBRIDGE, UK, February 16, 2016 – Akarna Therapeutics Ltd., a privately held biopharmaceutical company, today announced the closing of a $15 million Series B preferred stock financing. New investor Forbion Capital Partners joined existing investors New Science Ventures and Third Point Ventures to complete the round.

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