Takeda and Ultragenyx to jointly develop genetic rare disease drugs
USA-based biotech Ultragenyx (Nasdaq: RARE) and Takeda Pharmaceutical (TYO: 4502), Japan's largest drugmaker, have joined forces in a strategic partnership to develop and commercialize therapies to treat rare genetic diseases.
Ultragenyx, which specializes in developing products in this field, will initially receive an exclusive license to one preclinical Takeda product candidate in a pre-determined area of use.
The San Francisco-based company will have a further exclusive option to co-develop and co-commercialize the product candidate in additional therapeutic areas.
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