NPS Pharma regains rights to Revestive and Preotact from Takeda
USA-based NPS Pharmaceuticals (Nasdaq: NPSP) has re-gained the full worldwide rights from partner Takeda Pharmaceuticals (TYO: 4502), Japan’s largest drugmaker, to teduglutide (trade name Revestive in Europe and Gattex in the USA) and recombinant human parathyroid hormone 1-84 (PTH 1-84) (trade name Preotact in Europe and Natpara in USA). NPS licensed the commercial rights to Preotact and Revestive in 2004 and 2007, respectively, for territories outside of North America to Nycomed, which was acquired by Takeda in 2011.
Under the terms of the agreement, NPS will have worldwide rights to develop and commercialize teduglutide and PTH 1-84. Takeda will also assign to NPS its assets related to the two products, including all of its active pharmaceutical ingredient inventory and information related to the products’ continued development, manufacture, and commercialization, including life cycle management assets.
Takeda to get $50 million of NPS stock and potential future sales-based milestones
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