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Mitsubishi Tanabe Pharma Corporation acquires lead Phase III Parkinson’s candidate
August 1, 2017
By: Tim Wright
Editor-in-Chief, Contract Pharma
Mitsubishi Tanabe Pharma Corporation is acquiring Israeli pharma firm NeuroDerm for $1.1 billion. NeuroDerm is a clinical stage company developing drug-device combinations for central nervous system (CNS) disorders. The deal is expected to close in the fourth quarter of 2017. “We believe that this transaction will yield important benefits for NeuroDerm’s shareholders and the Parkinson’s disease patients that urgently need new therapies,” said Oded Lieberman, chief executive officer, NeuroDerm...
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