Japan's Takeda to sell Teva Parkinson's treatment

Takeda will develop rasagiline tablets for the Japanese market.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) today announced that it has signed an agreement with Takeda Pharmaceutical Company Ltd. (TSE: 4502), Japan's largest drug company, allowing Takeda to commercialize Tevas innovative treatment for Parkinsons disease, rasagiline, in Japan. The size of the deal was not disclosed.

Rasagiline tablets, developed by Teva, are approved in over 40 countries for the treatment of Parkinsons disease. Teva developed this product and received its first approval in 2005 in Israel and Europe, and is currently working towards the obtaining of marketing approval of this product in Japan. Under the terms of the agreement, Takeda will develop rasagiline tablets for the Japanese market and submit a New Drug Application for registration of the product in Japan.

In December 2013, Teva and Takeda announced an agreement to develop glatiramer acetate for the treatment of multiple sclerosis. Recognizing a high unmet need in the treatment options for Parkinsons disease in Japan, the two companies have now entered into a further agreement in the central nervous system category.

"This agreement represents Tevas continued commitment to introducing our innovative medicines to patients in Japan, said Teva Global R&D president and Chief Scientific Officer Dr. Michael Hayden. Rasagiline has an established safety and efficacy profile and is currently approved for use in over 40 countries, and will be an important product for Japan, where the number of available treatment options for Parkinsons disease remains limited."

Published by Globes [online], Israel business news - www.globes-online.com - on April 28, 2014

Copyright of Globes Publisher Itonut (1983) Ltd. 2014

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments

Twitter Facebook Linkedin RSS Newsletters Capital  Markets Conference 2017