Articles

MedImmune makes a move

MedImmune acquires AlphaCore, gains novel compound based on LCAT enzyme
Written byKelsey Kaustinen
| 3 min read

GAITHERSBURG, Md.—In a move that gains it a new potentialdrug candidate in cardiovascular health, MedImmune, the global biologicsresearch and development arm of AstraZeneca, has acquired Ann Arbor,Mich.-based AlphaCore Pharma. AlphaCore is a biotechnology company focusing ondeveloping its lead compound, ACP-501, a recombinant human lecithin-cholesterolacyltransferase (LCAT) enzyme.

No financial details for the transaction were disclosed.

Dr. Cristina Rondinone, vice president and head of theCardiovascular/Metabolic Disease Innovative Medicines unit at MedImmune, saysthat the novelty of the company made it attractive as an acquisition target.She notes that MedImmune believes the LCAT enzyme is "key in cholesteroltransport," and says the company is optimistic about ACP-501 given its safetyprofile.

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