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M&A news: Baxter has acquired AesRX

Posted on 10 July 2014

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In today's m&a news, Baxter International announced the acquisition of AesRx.

AesRX is a private U.S. biopharmaceutical company focused on orphan drug targets, including the development and commercialization of Aes-103, an investigational prophylactic treatment for sickle cell disease (SCD).

Aes-103 is a first-in-class, oral, small molecule compound (5-hydroxymethylfurfural).

Early studies indicate the compound may work by binding to hemoglobin and increasing oxygen affinity and stabilization, thereby reducing the sickling of red blood cells which, in turn, may reduce sickling-related outcomes such as vaso-occlusive crisis, pain, severe anemia, and fatigue.

Aes-103 has received Orphan designation from the FDA and is eligible for Orphan designation in Europe.

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