Cipargamin is a Small Molecule owned by Novartis, and is involved in 5 clinical trials, of which 4 were completed, and 1 is ongoing.
Cipargamin (KAE-609, NiTD609) is an antimalarial agent. It inhibits PfATP4 (P-type cation-transporter ATPase4). Spiroindolones rapidly inhibit protein synthesis in P. falciparum, an effect that is ablated in parasites bearing nonsynonymous mutations in the gene encoding the P-type cation-transporter ATPase.
The revenue for Cipargamin is expected to reach a total of $425m through 2038. This change impacts the valuation of this asset and is an important factor to understand the current value of the drug in a clinical process. View the complete picture with the Cipargamin NPV Report.
Cipargamin is originated and owned by Novartis.
Cipargamin (KAE-609, NiTD609) is under development for the treatment of malaria caused by uncomplicated Plasmodium falciparum or vivax malaria mono-infection. The drug candidate is administered through oral route and intravenous. It is a spiroindolone derivative targeting PfATP4.
Novartis is a healthcare company that focuses on the discovery, development, manufacture and marketing of prescription and generic pharmaceutical products and eye care products. It provides drugs for the treatment of cancer, cardiovascular diseases, dermatological conditions, neurological disorders, ophthalmic and respiratory diseases, immune disorders, and infections, among others. The company offers generic medicines and biosimilars through Sandoz. Novartis conducts research in various disease areas through The Novartis Institutes for BioMedical Research (NIBR). The company operates through a network of subsidiaries and offices across the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Novartis is headquartered in Basel, Switzerland.
The company reported revenues of (US Dollars) US$52,877 million for the fiscal year ended December 2021 (FY2021), an increase of 6% over FY2020. In FY2021, the company’s operating margin was 22.1%, compared to an operating margin of 20.3% in FY2020. In FY2021, the company recorded a net margin of 45.4%, compared to a net margin of 16.2% in FY2020. The company reported revenues of US$12,842 million for the third quarter ended September 2022, a decrease of 1.9% over the previous quarter.
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