Orion regains certain rights for Parkinson's disease drug Stalevo
Finnish drugmaker Orion Corp (Nasdaq OMX: ORNAV) and Swiss pharma giant Novartis (NOVN: VX) have agreed that Novartis will return the sales and distribution rights in certain European countries for Parkinson's disease drug Stalevo (levodopa, carbidopa, entacapone).
The sales and distribution rights in certain European countries for the proprietary product Stalevo, which has been patented and developed by Orion for the treatment of Parkinson's disease, transfer from Novartis to Orion as of December 3, 2018.
Central nervous system (CNS) disorders are one of Orion's three core therapy areas, and, measured by net sales, Parkinson's disease drugs are Orion's largest family of pharmaceutical preparations. Stalevo has been on the market since 2003.
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