Depomed acquires rights to Grünenthal's cebranopadol
US drugmaker Depomed (Nasdaq: DEPO) has entered into a definitive agreement to acquire the US and Canadian rights to cebranopadol and its related follow-on compound from German family-owned drugmaker Grünenthal.
Cebranopadol is a novel, first-in-class analgesic in development for the treatment of moderate to severe chronic nociceptive and neuropathic pain and is an important addition to Depomed's leading portfolio in pain and neurology. Depomed, currently the subject of a hostile takeover attempt by Horizon Pharma, anticipates advancing cebranopadol into Phase III development for chronic lower back pain (cLBP) and other pain indications by 2017. The deal adds a highly complementary development candidate with a strong efficacy profile, favorable tolerability and low abuse potential with patent protection into the 2030's to Depomed's broad commercial platform of pain and neurology marketed products, the company noted.
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