Teva calls off CGRP drug discovery and development pact, returns preclinical asset to Sosei
A struggling Teva has pulled out of a CGRP migraine drug discovery and development pact with the G protein coupled receptor experts at Sosei, just as the lead candidate looks ready to start clinical development.
That returns the worldwide rights to HTL0022562 to Sosei’s UK subsidiary Heptares Therapeutics, which plans to review the programs before updating the time frame of the drug’s entry into Phase I clinical trials, originally expected in late 2018. Teva — which attributed the move today to its ongoing reprioritization effort on the pipeline — is also handing over all the preclinical data it generated, as well as all licensing rights relating to any CGRP antagonist programs covered by the initial agreement.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.