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Business
Pfizer Acquisition Targets Protein Misfolding
by Ann M. Thayer
September 6, 2010
| A version of this story appeared in
Volume 88, Issue 36
Pfizer will purchase privately held FoldRx Pharmaceuticals, of Cambridge, Mass., for an undisclosed upfront fee and future milestone payments. FoldRx develops small-molecule drugs to treat chronic diseases resulting from protein misfolding and aggregation. It has filed for European regulatory approval of its lead product candidate, tafamidis meglumine, as a treatment for the genetic neurodegenerative disease transthyretin amyloid polyneuropathy. Pfizer will fold the company into its specialty care business unit, which focuses in part on orphan and rare diseases.
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