Debiopharm regains rights to alisporivir in hepatitis C from Novartis
Switzerland-based global biopharma company Debiopharm has updated its arrangement with pharma major Novartis (NOVN: VX) to regain full rights to alisporivir (DEB025), currently in Phase II trials.
The two companies entered into a strategic collaboration to develop Alisporivir in January 2010, which allows for the transfer, at Debiopharm’s choice, of ongoing alisporivir Phase II trials to Debiopharm. It transfers all rights for hepatitis C and other indications.
Thierry Mauvernay, delegate of the board of Debiopharm Group, said: "Novartis has decided that, as part of an ongoing portfolio transformation, hepatitis C virus (HCV)-related indications would no longer be a strategic focus for them. We appreciate Novartis' rapid agreement to return the alisporivir program to us promptly and in good order. We are looking forward to continuing the development of this exciting molecule in one or more indications and we have already started discussing with potential partners."
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