Swedish Orphan Biovitrum (Sobi) has confirmed that the company is holding discussions with a private equity firm regarding a possible sale of its Partner Products business area.
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In the January-September period last year, the Partner Products unit reported sales of $70m, while the company’s total sales stood at $444m, Reuters reported.
Sobi CEO and president Geoffrey McDonough said: “We have noted specific information in the market regarding a possible sale of Sobi Partner Products.
“We confirm that we are in discussions which may or may not lead to an agreement.”
The sale excludes drugs Kineret and Orfadin.
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By GlobalDataSobi said that the European Commission (EC) has approved a reduced dosing frequency for the drug Orfadin (nitisinone) from twice-daily to once-daily in people with hereditary tyrosinemia type 1 (HT-1) with a body weight of more than 20kg.
Sobi research and development senior vice-president, chief medical officer and head Dr Milan Zdravkovic said: “Sobi has a long-term commitment to improve the lives of people affected by hereditary tyrosinemia type 1, and the above modified dosing regimen is a further step in this journey.”
EC’s approval is based on the results of a clinical study carried out in 18 people with HT-1, comparing a four week once-daily and four week twice-daily dosing regimen.
As part of the study, comparable blood-levels of nitisinone, as well as safety and efficacy for both regimens were highlighted.
Image: Sobi to sell Partner Products business area. Photo: courtesy of Swedish Orphan Biovitrum AB.
