Teva deal with Royalty Pharma to accelerate olanzapine LAI program

13 November 2023

Israel-headquartered Teva Pharmaceutical Industries (NYSE and TASE: TEVA) has entered a collaboration with Royalty Pharma (Nasdaq: RPRX) to further accelerate the clinical research program for Teva’s olanzapine LAI (TEV-‘749).

The companies are entering into a funding agreement of up to $125 million to offset program costs. Olanzapine LAI (TEV-‘749) is a once-monthly subcutaneous long-acting injection of the atypical antipsychotic olanzapine that is currently in Phase III for the treatment of schizophrenia and has the potential to be the first long-acting olanzapine with a favorable safety profile.

The antipsychotic medicine Olanzapine is now an off-patent drug, but was previously marketed by Eli Lilly (NYSE: LLY) under the trade name Zyprexa.

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