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Aug 18, 2026

Leo Pharma acquires worldwide rights to dersimelagon for up to $435M

Danish drugmaker Leo Pharma agreed to acquire worldwide rights to dersimelagon, a late-stage drug candidate for two rare genetic skin diseases, from Tanabe Pharma for up to $435 million in upfront and milestone payments.

Aug 18, 2026·2 sources
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Top claims

  • ▪LEO Pharma previously partnered with Boehringer Ingelheim on the drug Spevigo in July 2025 and agreed to acquire U.S. drug developer Replay in April 2026.
  • ▪LEO Pharma is pursuing acquisitions and partnerships to build future growth drivers as the company positions itself for a potential initial public offering.
  • ▪Dersimelagon works by increasing melanin in the body to help protect patients against painful light-induced reactions.

Topics

Genetic disorders