Orion signs up for CNS research accord with Gedeon Richter

13 March 2013

Finland-based drugmaker Orion Corp (Nasdaq OMX Helsinki: ORNAV) has have entered into a comprehensive and long term collaboration agreement with Gedeon Richter (RICHT: HB), Hungary’s largest pharmaceutical company, for the discovery and development of new chemical entities in the field of cognitive disorders.

According to the terms of the accord, the partnership provides an opportunity whereby the two companies jointly select and bring forward three discovery phase candidates and share all the development related expenses on an equal base. The territory related marketing rights have not been determined yet.

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