Lundbeck and Otsuka partner on Biotie’s nalmefene in Japan

31 October 2013

Finland-based biotech firm Biotie Therapies (Nasdaq-OM: BTH1V) says that its partner, Danish CNS specialist Lundbeck (LUND: CO) has expanded its existing alliance with Japan’s Otsuka Pharmaceutical (TYO: 4768) to include development and commercialization of nalmefene, its alcohol dependence drug treatment (sold under the brand name Selincro in Europe), in Japan.

Earlier this year, nalmefene was approved by the European Medicines Agency as the first treatment for the reduction of alcohol consumption. Lundbeck and Otsuka will jointly finalize the clinical program for nalmefene in Japan, and it is expected that the first clinical phase III study will be initiated during 2014.

50 million-euro payment due to Lundbeck

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK