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Chiesi Group Acquires KalVista Pharmaceuticals for $1.9B

KalVista will contribute to the growth of Chiesi’s Rare Diseases business unit.

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By: Charlie Sternberg

Associate Editor, Contract Pharma

Chiesi Group, an international research-focused biopharmaceutical group and certified B Corp, has completed its acquisition of KalVista Pharmaceuticals Inc. for approximately $1.9 billion.

KalVista is now part of Chiesi Group and will contribute to the growth of the Rare Diseases business unit, focused on research, development and commercialization of therapies for rare and ultra-rare conditions.

With the completion of the transaction, Chiesi assumed ownership of EKTERLY (sebetralstat), the first and only oral, on-demand treatment for hereditary angioedema (HAE) attacks in adults and adolescents aged 12 years and older. EKTERLY is already approved in the United States, United Kingdom, European Union, Japan and other regions, with ongoing studies exploring its use for treating HAE attacks in children aged 2 to 11, and multiple regulatory applications under review in key global markets.

Jean-Marc Bellemin, Chiesi Group’s CFO, and Interim Group CEO, said: “This acquisition supports our strategy to accelerate impact in rare diseases by bringing together science, innovation and expertise to address areas of highest unmet need. KalVista’s proven drug discovery and development capabilities, combined with our global footprint and operational excellence, will enable us to deliver innovation to patients at greater scale.”

Other Pharma Industry Acquisitions

Check out Contract Pharma’s Pharmaceutical Industry Mergers & Acquisitions Roundup.

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