Pfizer re-enters neuroscience in venture with Bain Capital

23 October 2018

Nine months after announcing that it would stop R&D into new neuroscience drugs, including its work in Alzheimer’s and Parkinson’s diseases, the world’s largest drug company has shown that it is not entirely giving up on this space.

Pfizer (NYSE: PFE) announced on Tuesday that it was teaming up with the investment firm Bain Capital to create a new company focused on developing drug candidates to treat disorders of the central nervous system (CNS).

The US pharma giant is contributing a portfolio of pre-commercial neuroscience assets to the company, named Cerevel, including three clinical-stage compounds and several pre-clinical compounds designed to target a broad range of CNS disorders, including Parkinson’s, Alzheimer’s, epilepsy, schizophrenia and addiction.

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