Poxel, within Andera Partners’ portfolio, and Sumitomo Dainippon Pharma Announce the Approval of TWYMEEG® (Imeglimin hydrochloride) for the Treatment of Type 2 Diabetes in Japan
TWYMEEG® is a first-in-class drug with a unique dual mechanism of action for the treatment of Type 2 Diabetes across the continuum of the current treatment paradigm, both as a monotherapy or as an add-on to other glucose lowering therapies.
The approval in Japan triggers a JPY 1.75 billion (approximately EUR 13.3 million, USD 15.9 million) milestone payment to Poxel from Sumitomo Dainippon Pharma.
TWYMEEG’s target product launch is anticipated in fiscal year 2021.
The Japanese approval for TWYMEEG is supported by positive results from the Phase 3 TIMES program in over 1,100 patients in Japan.
Poxel has been supported for several years by Andera Life Sciences, Andera Partners’ team dedicated to therapeutic innovation. For Raphaël Wisniewski, partner in the Life Sciences team :”the approval of a product is a real achievement in the life of the companies we support. We are convinced of the potential of TWYMEED and the interest it represents for patients with type II diabetes.”
The approval of TWYMEEG® is the second drug approval since the beginning of 2021 for the Andera Life Sciences portfolio. Last March, Ontozri® (cenobamate), developed by Arvelle Therapeutics, was approved by the European Commission for the treatment of drug-resistant focal seizures in adults.
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