Lundbeck expands accord with PAION for desmoteplase follow on products
Aachen, Germany-based biopharmaceutical company PAION AG (FSE: PA8) has expanded its desmoteplase licence deal with existing partner Denmark’s H Lundbeck A/S (LUND: DC) with which it has been collaborating on the ischemic stroke candidate since 2005.
In the new agreement, PAION has granted Lundbeck research rights and access to potential desmoteplase follow-on compounds that were identified by the German firm. In the future, Lundbeck will also be responsible for the patent maintenance. PAION receives a 1.5 million-euro ($2.1 million) upfront payment for the expanded agreement.
25 million-euro milestone on clinical development
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
More Features in Pharmaceutical
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze