Mitsubishi Tanabe Pharma Corporation’s billion-dollar bid nearly six years ago for NeuroDerm Ltd. and its drug for Parkinson’s disease looks likely to pay off as the Israeli drug developer announced positive Phase III results from the drug, in a field that has seen considerable development and multiple billion-dollar collaboration deals in recent years.
NeuroDerm Parkinson’s Drug Inches Closer To Market With Phase III Win
Mitsubishi Tanabe Pharma paid $1.1bn to acquire the Israeli biotech in 2017 for a drug that analysts forecast to represent a market opportunity worth up to $1.7bn in peak sales.
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