07/17/2023
Today marks a historic moment in the development of treatments for CMT.
We're excited to support DTx Pharma and Novartis as they continue development of DTx’s potential first-in-class medicine for CMT1A, DTx-1252.
The Charcot-Marie-Tooth Association July 17 hailed the news that global healthcare giant Novartis is acquiring DTx Pharma and its CMT1A therapy DTx-1252 as a significant step forward for the acceleration of novel CMT treatments capable of reaching the peripheral nervous system. Under the terms of the agreement, Novartis will make an upfront payment of $500 million and additional payments of up to $500 million upon completion of pre-specified milestones.
According to CMTA Chief Research Officer Katherine Forsey, PhD, the acquisition highlights the progress made in positioning CMT as an attractive proposition to pharma, the founding principle of the CMTA’s Strategy to Accelerate Research (STAR).The CMTA has been increasing its collaborative work with DTx Pharma team members as they prepare for the commencement of first-in-human clinical trials of DTx-1252, Forsey said, adding, “We are excited by the prospect of continuing this work with the Novartis team and applaud their commitment to bringing life-changing medicines forward for patients with neuromuscular diseases like CMT.”
Read more: https://www.cmtausa.org/cmta-hails-novartis-aquisition-of-dtx/