Japanese drug major Daiichi Sankyo (TYO: 4568) edged up 1.6% to 2,608 yen after it revealed it has entered into an agreement with Cosette Pharmaceuticals, whereby it divested and Cosette acquired rights for manufacturing, commercialization, and certain other rights for the following products in the USA:
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A San Carlos, California-based immunology biotech using nanobody-based multispecific biologics to target the IL-31 itch pathway, positioning its lead asset against the Dupixent franchise in atopic dermatitis and chronic pruritus.