Pfizer agrees on $340M upfront to buy Therachon for dwarfism drug

Pfizer is set to pay $340 million (€304 million) upfront to buy Therachon for its treatment for a form of short-limbed dwarfism. The deal commits Pfizer to up to $470 million in additional milestones tied to the advance of the early-phase rare disease drug. Therachon has emerged as one of the better financed European rare disease biotechs in recent years, pulling in $100 million from investors including Novo Holdings and OrbiMed across its series A and B rounds.
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