Roche returns rights to Biotie Therapies SYN120

27 June 2012

Finland-based Biotie Therapies (OMX: BTH1V) said yesterday that it is retaining global development and commercialization rights to SYN120, following Swiss drug major Roche's (ROG: SIX) decision not to exercise its opt-in right due to strategic portfolio reasons.

SYN120 is Biotie's novel selective 5-HT6 receptor antagonist that has recently successfully completed a Phase I program including a study using positron emission tomography (PET) imaging to determine appropriate dosing for Phase II development.

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