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Alexza Finds New U.S. Marketing Partner For Adasuve In Teva

A quick-acting, inhaled antipsychotic, Adasuve has been approved in the U.S. and EU, where it will be commercialized by Spain’s Grupo Ferrer. Teva takes over after previous U.S. partner Biovail stepped away upon being bought out by Valeant.

Alexza Pharmaceuticals Inc. put another piece of the puzzle in place for the launch of the inhalable antipsychotic Adasuve with an announcement May 8 that it has partnered the drug with Teva Pharmaceutical Industries Ltd.’s U.S. affiliate to market the product domestically. Teva will pay $40 million upfront and up to $195 million in post-approval and sales milestones under a deal that gives the Israeli pharma rights to develop the product in other indications.

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