Almirall acquires rights to Alzheimer's product in Spain
Shares of Spanish dermatology-focused drugmaker Almirall (BME: ALM) rallied yesterday, after the company revealed in a brief stock exchange filing that it is looking to expand its therapeutic range.
In the fling, Almirall announced the execution of acquisition rights for an Alzheimer’s product in Spain. This agreement grants Almirall exclusive rights.
The product is a transdermal patch with rivastigmine to treat Alzheimer’s disease, increasing the level of neurotransmitter acetylcholine helping to reduce the symptoms of Alzheimer’s. It brings Almirall the opportunity to reinforce its neurology business unit in Spain, the company noted.
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