Takeda trusts biotech startup Ovid to help develop rare epilepsy drug

19 January 2017

Takeda Pharmaceutical (TYO: 4502), a company with around 30,000 employees and $16 billion in annual revenue, is forging a strategic alliance with tiny New York-based biotech Ovid Therapeutics.

Ovid has received $80 million of equity investment since it was established in 2014.

Japan’s largest pharmaceutical firm will partner with the American company to develop TAK-935, an investigational drug to treat rare epilepsy disorders in children.

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