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Deal removes uncertainty

Roivant in 'left-field' entry to diabetes with $650M pact on Poxel's imeglimin

By Cormac Sheridan
Staff Writer

Tuesday, February 13, 2018

DUBLIN – Shares in Poxel SA rose as much as 32 percent Monday on the back of a partnering deal with Roivant Sciences GmbH, in which it is getting $35 million up front, $15 million in equity investment and potentially $600 million in development, regulatory and commercialization milestones for ex-Asia rights to its oral type 2 diabetes drug imeglimin.

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