Edgewise will pivot to focusing on cardiovascular drugs

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The French pharma company Servier said Monday that it would buy Edgewise Therapeutics’ muscular dystrophy business in a deal worth up to $2.65 billion.

The centerpiece of the deal is Edgewise’s sevasemten, which is being studied in a pivotal trial in Becker muscular dystrophy and in a Phase 2 trial in Duchenne muscular dystrophy. The oral drug is designed to protect muscles from the damage that accrues in both rare conditions.