Teva invests $1M in Israel's Cellcure Neurosci
World generic giant Teva Pharmaceutical Industries is investing $1.0 million in tissue technology startup Cellcure Neurosciences, a stem cell therapy company focused on cures for Parkinson's disease and other neurodegenerative disorders, according to Israel's Haaretz.com.
The investment prices Cellcure at $13.0 million, said Israel's Hadasit Bio-Holdings, which also owns a stake in the firm. One of Teva's two innovative drugs, Azilect (rasagiline), is a treatment for PD. The agent earned $28.0 million in second-quarter 2007 (Marketletter August 20).
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