The Japanese subsidiary of US biotech major Biogen and Japanese drugmaker Eisai have terminated the Japan co-promotion agreement that has been in place since January 2018 for Biogen Japan's multiple sclerosis (MS) treatments, effective March 31, 2023.
The medicines involved are: Tecfidera (dimethyl fumarate), Tysabri (natalizumab, genetic recombinant) and Avonex (interferon beta 1a, genetic recombinant).
The companies have been jointly engaged in promotional activities for MS treatments in Japan.
However, since a certain objective has been achieved regarding penetration of the products into the Japanese market, the companies decided to terminate this co-promotion agreement.
As a result, Biogen Japan will have full responsibility for all operations related to the products after a transition period between the two companies.
Upon termination of this agreement, Biogen will pay Eisai $31 million.
This termination agreement does not impact any of the other agreements between Biogen and Eisai.
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