Recordati to acquire worldwide rights to Sanofi’s antibody Enjaymo
The strategic move is set to enhance Recordati's rare diseases franchise.
Recordati has reached an agreement with Sanofi for acquiring the worldwide rights to Enjaymo (Sutimlimab), the only approved treatment specifically targeting cold agglutinin disease (CAD), a rare B-cell lymphoproliferative disorder.
The terms of the acquisition include an upfront payment of $825m from Recordati to Sanofi, plus additional milestone payments of up to $250m contingent on sales performance.
This strategic move is set to enhance Recordati’s rare diseases franchise and address a critical unmet medical need.
The humanised monoclonal antibody Enjaymo is indicated to treat haemolysis in adults with CAD.
With approvals from the US Food and Drug Administration (FDA), European Commission, and the Japanese Ministry of Health, Labour and Welfare in 2022, Enjaymo offers a chronic intravenous treatment for this rare condition.
Over the last 12 months as of August 2024, Enjaymo generated revenue of approximately €100m ($110m) and is projected to generate more than €150m in financial year 2025, with peak sales potentially reaching €250-300m.
Enjaymo’s targeted mechanism of action inhibits the C1s in the classical complement pathway, preventing the abnormal breakdown of red blood cells.
The transaction is expected to close by the end of this year, pending regulatory approvals.
