Furthermore, key players are focusing on strategies such as mergers and acquisitions for developing an effective treatment for osteochondronmas. For instance, in 2019, Ipsen, a company developing medication in oncology and rare diseases, acquired Clementia Pharmaceuticals, a clinical-stage company that develops innovative treatments for people with ultra-rare bone disorder. The acquisition will transform Ipsen company’s rare disease product portfolio by focusing on developing the drug, palovarotene, an investigational retinoic acid receptor gamma (RARy) selective agonist for treatment of individuals who are affected by multiple osteochondromas and fibrodysplasia ossificans progressiva (FOP), and other diseases.
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