Articles

Shire acquires Lotus Tissue Repair, gains potential therapy for rare skin disease

Acquisition consists of an undisclosed upfront payment as well as certain additional payments if specified safety and development milestones are met
Written byKelsey Kaustinen
| 3 min read

LEXINGTON, Mass.—Shire PLC has further expanded itsportfolio of orphan disease therapies with the signing of an agreement toacquire privately held Lotus Tissue Repair Inc., a biotechnology companydeveloping the first and only protein replacement for the treatment of theorphan disease dystrophic epidermolysis bullosa (DEB). Currently, no approvedtreatment options exist for the disease other than palliative care.

Though no specific details were released, the acquisitionconsists of an upfront payment as well as certain additional payments ifspecified safety and development milestones are met. The acquisition is subjectto customary government approvals.

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