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Lundbeck and Otsuka form a pharma alliance for Selincro

Posted on 01 November 2013

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Lundbeck has expanded its pharma alliance with Otsuka Pharmaceutical Co to include development and commercialisation of the alcohol dependence drug Selincro in Japan.

Selincro (nalmefene) was approved by the European Medicines Agency earlier this year.

The two partners say the first Phase III study for Japan will be initiated during 2014.

Lundbeck will pocket a 50 million euro fee, finance the development costs and have an option to co-promote in Japan for this pharma alliance.

If all milestones are achieved, the total value of the agreement to the Danish drugmaker would be 100 million euros, plus royalties.

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