On January 25, Karyopharm Therapeutics Inc. (NASDAQ:KPTI) announced its entry into an agreement for Biogen to acquire Karyopharm's investigational oral SINE compound KPT-350 and other assets for the treatment of certain neurological and neurodegenerative conditions. KPT-350 is a novel therapeutic candidate that works by inhibiting XPO1, resulting in reductions in inflammation and neurotoxicity, as well as increasing neuroprotective responses.
The WilmerHale team representing Karyopharm in this deal included Steve Singer and Andrew Bonnes.
The full press release can be found at www.karyopharm.com.