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GSK buys asthma drug developer for up to US$1.4 billion

gsk-buys-asthma-drug-developer-for-up-to-us$1.4-billion

BRITISH drugmaker GlaxoSmithKline today agreed to buy Aiolos Bio for up to US$1.4 billion (RM6.5 billion), with focus on an asthma medication still at the testing stage.  

The acquisition hands GSK access to AIO-001, a long-acting antibody which is ready to enter Phase II clinical development for the treatment of adults with asthma.