Pfizer leaps into migraine space, inking licensing deal with Biohaven
In what is a late entry into the competitive migraine therapy sector, Pfizer (NYSE: PFE) has signed strategic commercialization arrangement for Biohaven Pharmaceutical’s (NYSE: BHVN) rimegepant in markets outside of the USA upon approval. However, investors were not impressed, with Biohaven’s shares trading down nearly 16% at $117.15 mid-morning yesterday.
Rimegepant is commercialized as Nurtec ODT in the USA, and is indicated for the acute treatment of migraine attacks with or without aura and the preventive treatment of episodic migraine in adults. An application for the approval of rimegepant is currently under review by the European Medicines Agency and several additional regulatory authorities outside of the USA.
Deal includes ex-US rights to zavegepant
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