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Nuvelution Puts Business Model Into Action With Teva/Austedo Deal

 
• By Joseph Haas

Focused on drug development risk-sharing partnerships, Nuvelution signs its first partnership, with Teva, to conduct Phase III development of recently approved Austedo for pediatric Tourette syndrome.

Two businessmen shaking hands during a meeting in the office, success, dealing, greeting & business partner concepts - soft light.

The brain-child of Clarus Ventures and in partnership with industry heavy-hitters like Chris Viehbacher and Arthur Higgins, privately held Nuvelution Pharma Inc. finally gets to put its business model into action through a development partnership with Teva Pharmaceutical Industries Ltd. to perform late-stage studies of Austedo in pediatric Tourette syndrome.

Employing a risk-sharing framework, in which Nuvelution will fund and manage the Phase III program – with hands-on work being...

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