Orexo and ProStrakan reconfigure rights to Abstral
Sweden’s Orexo AB (STO: ORX) and Scotland-based ProStrakan, a subsidiary of Japanese drugmaker Kyowa Hakko Kirin (TYO: 4151) have reconfigured the commercial rights to the product, Abstral, in various territories worldwide.
Abstral is the novel, rapidly-disintegrating, sublingual formulation of fentanyl, a well-established opioid used for the management of episodes of breakthrough pain experienced by cancer patients who are already receiving opioid analgesics for chronic pain. ProStrakan will gain the rights to Abstral for Europe and will also acquire Orexo’s interests in the companies’ joint venture business covering the Nordic region (Sweden, Norway, Finland & Denmark).
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