New Enterprise Associates (NEA) and supporting investors have given former Lumena CEO Mike Grey $120 million to buy back maralixibat and take it into phase 3. Mirum plans to start phase 3 trials in ALGS and progressive familial intrahepatic cholestasis next year. Shire let the drug go in return for an upfront fee, equity stake in Mirum and potential milestones and royalties.
Big pharma is throwing a lot of money at pharmaceutical companies with a difference and doing all the way with a nasdaq listing for simultaneous phase 3's would be something else wouldn't it !
Ann: Botanix Presents at Fall Clinical Dermatology Conference, page-144
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