Amid recent financial challenges and R&D setbacks hitting Sumitomo Pharma Co., Ltd., the mid-sized Japanese firm has decided to prioritize its advanced candidates in oncology, regenerative medicine and the cell therapy area over its struggling assets in the antipsychotic space.
Sumitomo To Reprioritize Pipeline After Ulotaront’s Phase III Fail
Otsuka Obtains Global Rights To Two Drugs
Sumitomo Pharma is to focus more on late-stage candidates in oncology and cell/gene therapy while passing on full global rights for ulotaront and SEP-380135 to Otsuka.
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