Takeda gains exclusive rights to Amitiza beyond US and Canada
US biopharma company Sucampo Pharmaceuticals (Nasdaq: SCMP) saw its shares rise 5.6% to $8.46 in morning trading, after it revealed a lucrative new deal with Japan’s largest drugmaker Takeda Pharmaceutical (TYO: 4502).
The companies entered into a global license, development, commercialization and supply agreement for irritable bowel syndrome and opioid-induced constipation drug Amitiza (lubiprostone), whereby Takeda expanded its exclusive rights beyond the USA and Canada to further develop and commercialize Amitiza in all global markets, except Japan and the People's Republic of China.
Financial terms include $14 million upfront
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