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Astellas and Drais, through new virtual firm Tacurion, develop ASP7035
08 May 2013
Executive Summary
Once again, Astellas Pharma Inc. and Drais Pharmaceuticals Inc. (clinical-stage drug development) have signed an agreement for the development and commercialization of an Astellas compound, this time the Phase IIa-ready vasopressin V2 receptor selective agonist ASP7035 for nocturia (waking up at night to urinate). Astellas will transfer ownership of the compound to Tacurion Pharma Inc., a virtual company to be operated by Drais’ executive team.
Deal Industry
- Biotechnology
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Alliance
- R&D and Marketing (Licensing)
- Reverse Licensing
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