Avalyn, in pursuit of better lung drugs, banks $300M in an IPO
Avalyn Pharma
Apr 30, 2026

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Chiesi Group has acquired KalVista Pharmaceuticals, a pharmacy business in the United States, for $1.9B. KalVista Pharmaceuticals develops and commercializes Ekterly, the first FDA-approved oral treatment for acute swelling attacks in hereditary angioedema, supporting Chiesi Group’s rare disease portfolio. The tablet formulation is positioned as a dosing alternative to injectable HAE therapies, strengthening Chiesi Group acquisitions in specialty healthcare. The announced healthcare M&A is an add on acquisition by a strategic buyer, expanding Chiesi Group’s presence in pharmacy and rare disease.
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