Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

Bioprojet and Endo Jointly Announce Agreement for Paladin Labs Inc. to Commercialize Pitolisant in Canada

 

 

 

 

 

Endo International plc (NASDAQ: ENDP), announced today that its subsidiary Endo Ventures Limited has entered into definitive agreements with Bioprojet SCR to register, commercialize, and distribute pitolisant on an exclusive basis in Canada.  Paladin Labs Inc., an operating company of Endo, will be commercializing pitolisant in Canada.

 

 

Pitolisant is a selective histamine H3-receptor antagonist/inverse agonist that enhances the activity of histaminergic neurons. The drug is approved in the European Union  for the treatment of narcolepsy in adult patients with or without cataplexy and is distributed under the tradename WAKIX®, but is not approved in Canada.  Pitolisant has an orphan designation in the EU and the US for the treatment of narcolepsy.   

 

 

Narcolepsy is a serious, chronic disorder characterized by excessive daytime sleepiness, with some patients experiencing intermittent uncontrolled muscle weakness or paralysis. Pitolisant increases the release of the brain chemical histamine to increase a patient’s wakefulness and alertness. The novel drug was developed after decades of research by Bioprojet co-founders Dr. Jeanne-Marie Lecomte and Prof. Jean-Charles Schwartz. 

 

 

In accordance with the terms of the agreements, Paladin will be responsible for the registration distribution, sales, marketing, medical affairs, pricing and reimbursement activities in connection with pitolisant while Bioprojet will be responsible for supplying the drug to Paladin.

 

 

“Bioprojet is proud to partner with Endo and its affiliate, Paladin, which has more than a 20 year successful track record of commercializing innovative, much-needed specialty products in Canada. We believe this partnership will be expertly led by Paladin, bringing relief to patients suffering from this debilitating disease,” said Prof. Schwartz.

 

 

“We are very pleased to work with Bioprojet to bring a new treatment option for Canadian narcolepsy patients,” said Rahul Garella, Senior Vice President, International Pharmaceuticals of Endo.  “This product complements Paladin’s promoted specialty products portfolio and provides us with an additional pillar upon which to grow our portfolio of innovative treatments.”

 

 

About Pitolisant:

 

 

Pitolisant is a selective histamine H3-receptor antagonist/inverse agonist which enhances the activity of histaminergic neurons.  The drug was approved by the EMA in 2016 for the treatment of narcolepsy in adults with or without cataplexy and is marketed in certain countries in Europe but is not approved in Canada.  Pitolisant has an orphan designation in the EU and the US for the treatment of narcolepsy and a breakthrough designation by the U.S. Food and Drug Administration for treatment of cataplexy.   

 

 

About Narcolepsy:

 

 

Narcolepsy is a rare, chronic, debilitating neurological disorder characterized by excessive daytime sleepiness, cataplexy, a sudden loss of muscle control triggered by emotions, and hallucinations among other symptoms.  Two types of narcolepsy are currently recognized according to the ICSD3 diagnostic criteria, Type 1 and 2.  Type 1 is associated with cataplexy and a reduction in of hypocretin-1 levels, while Type 2 is not associated with cataplexy.

 

 

About Endo International plc and Paladin Labs Inc.

 

 

Endo International plc is a highly focused generics and specialty branded pharmaceuticals company delivering quality medicines to patients in need through excellence in development, manufacturing and commercialization. Endo has global headquarters in Dublin, Ireland, and U.S. headquarters in Malvern, PA.

 

 

Paladin Labs Inc., headquartered in Montreal, Canada, is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian market.  Paladin has a focused marketing and sales organization that has helped it evolve into one of Canada’s leading specialty pharmaceutical companies.  Paladin is an operating company of Endo International plc.

 

About Bioprojet SCR

 

 

Bioprojet SCR is a research-based pharmaceutical company.  Bioprojet is headquartered in Paris, France and its Research Center located in Rennes, France. Its activity is focused on the design, synthesis and development of novel classes of drugs for unmet medical needs.

 

Posted July 25, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Email this to someone
email

MORE or "UNCATEGORIZED"


Khiron Announces Closing of $28.75 Million Bought Deal Financing Including Full Exercise of Over-Allotment Option

Khiron Life Sciences Corp. (TSX-V:KHRN) (OTCQB:KHRNF), a cannabis... READ MORE

May 28, 2019

Harborside Closes C$19.65 Million Financing

FLRish Inc. d/b/a/ Harborside, a California corporation which man... READ MORE

May 28, 2019

TerrAscend Announces Closing on $69 Million Non-Brokered Private Placement

TerrAscend Corp. (CSE:TER) (OTCQX:TRSSF) has completed its previo... READ MORE

May 28, 2019

Construction of a hydroelectric generating station for the energy transition in the Inukjuak off-grid system

Innergex Renewable Energy Inc. (TSX: INE) the Pituvik Landholding... READ MORE

May 27, 2019

C21 Investments completes acquisition of Swell Companies

C21 Investments Inc. (CSE: CXXI) (OTC: CXXIF) today announced tha... READ MORE

May 27, 2019

Copyright 2024 The Venture Report