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Huadong Pharma Signs $52 Million China Deal for Topical Psoriasis Therapy

publication date: Sep 5, 2023

Hangzhou Huadong Pharmaceutical continued its M&A activity by acquiring an exclusive license to market a topical psoriasis cream in Greater China that was developed by the UK’s MC2 Therapeutics. Huadong will make upfront and regulatory milestone payments of $16 million to MC2 and up to $36 million in sales-based milestones, plus royalties. The product, Wynzora cream, is a fixed-dose combination of calcipotriene and betamethasone dipropionate. Three weeks ago, Huadong in-licensed China-SE Asia rights to a topical steroid-free therapy for immune-mediated skin diseases from Arcutis, a Los Angeles biopharma, in a $94 million deal. More details....

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