Ariad co-opts Otsuka for Iclusig in Japan and other Asian countries
US specialty pharma firm Ariad Pharmaceuticals (Nasdaq: ARIA) has entered into an agreement for Japan’s Otsuka Pharmaceutical (TYO: 4768) to commercialize its Iclusig(ponatinib) in Japan and nine other Asian countries and to fund future clinical trials in those countries.
Ariad will lead the completion of the Japanese New Drug Application for Iclusig, and Otsuka will file the NDA on behalf of both companies for regulatory approval in resistant and intolerant chronic myeloid leukemia (CML) and Philadelphia-chromosome positive acute lymphoblastic leukemia (Ph+ALL) in 2015. Iclusig is an approved BCR-ABL inhibitor in the USA, Europe and Australia.
Financial terms include $75.5 million upfront for Ariad
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