UCB inks $1.6B global partnership with Novartis on Parkinson's disease
Shares of Belgium’s largest drugmaker UCB (Euronext Brussels: UCB) were barely changed today, after it announced a global co-development and co-commercialization agreement with Swiss pharma giant Novartis (NOVN: VX) covering drug candidate UCB0599, that could earn the company over $1.6 billion.
UCB0599 is a potential first in class, small molecule, alpha-synuclein misfolding inhibitor currently in Phase II clinical development, and upon completion of the ongoing Phase I program, an opt-in for Novartis to co-develop UCB7853, an anti-alpha-synuclein antibody, both in Parkinson’s disease (PD).
This is a new step for Novartis, which is not known for novel activity in the central nervous system (CNS) therapy sector.
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