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Island Pharmaceuticals Ltd (ASX: ILA) has signed a definitive Asset Purchase Agreement to acquire the Galidesivir antiviral program from U.S.-based BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX), accelerating its growth strategy in infectious disease therapeutics. The deal replaces an earlier Option Agreement following a comprehensive and encouraging due diligence process.
Galidesivir is a broad-spectrum antiviral with a significant development pedigree, supported by over US$70 million in U.S. government R&D funding. Initially developed for RNA viruses, including Ebola and Marburg, Island aims to prioritise the Marburg virus, a Category A bioterrorism threat according to the CDC. The company plans to explore a regulatory approval pathway under the U.S. FDA's Animal Rule, potentially expediting access to a Priority Review Voucher post-approval. Island Managing Director Dr. David Foster described the acquisition as a "transformational opportunity" that significantly enhances the company's antiviral pipeline, complementing its existing ISLA-101 asset.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.