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Web Date: April 23, 2012

AstraZeneca To Buy Ardea

Pharmaceuticals: Small-molecule drug firm will bring a late-stage gout treatment
Department: Business
Keywords: pharmaceuticals, acquisitions, gout

AstraZeneca has struck a deal to buy the small-molecule biotechnology company Ardea Biosciences for $1.26 billion. The San Diego-based firm has three compounds in development—two that target gout and one in the oncology area.

Ardea’s most advanced candidate, lesinurad, is a selective inhibitor of URAT1, a transporter in kidney cells that regulates uric acid excretion from the body. Chronic hyperuricaemia, or abnormally elevated uric acid levels in the blood, is . . .

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Chemical & Engineering News
ISSN 0009-2347
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