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BioWorld - Monday, December 29, 2025
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Home » With Eiger’s avexitide, Amylyx ‘unique’ new player in GLP-1
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With Eiger’s avexitide, Amylyx ‘unique’ new player in GLP-1

July 10, 2024
By Randy Osborne
Amylyx Pharmaceuticals Inc.’s acquisition of GLP-1 receptor antagonist avexitide for $35.1 million from Eiger Biopharmaceuticals Inc. could bring the firm “to the forefront of the obesity and diabetes drug landscape in a unique way,” said H.C. Wainwright analyst Andrew Fein. Co-CEO and co-founder Justin Klee said the deal came after Amylyx checked out “hundreds of assets” over the last few years, and its closing brought added attention to phase III-ready, first-in-class avexitide.
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