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Coeptis Pharma to Acquire Elto Pharma

Gains eltoprazine, a serotonergic agonist in Phase IIb development for the treatment of Parkinson's disease

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By: Kristin Brooks

Managing Editor, Contract Pharma

Coeptis Pharmaceuticals, Inc., a biopharmaceutical company, has entered into an agreement to acquire all outstanding shares of Elto Pharma, Inc. Elto is developing eltoprazine, a serotonergic agonist in Phase IIb development for the treatment of Parkinson’s disease levodopa-induced dyskinesias (Parkinson’s LID). Elto is a joint venture between Amarantus Bioscience Holdings, Inc. and Psychogenics, Inc. Financial terms were not disclosed. “Eltoprazine will be a key long-term g...

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