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axxonis Pharma AG

Drug Names(s): Lisuride, transdermal Lisuride

Description: Lisuride is a dopamine agonist (ie, it stimulates the dopamine receptor). Lisuride is formulated for both subcutaneous and transdermal administration.

Deal Structure: Prestwick and NeuroBiotec
Prestwick Pharmaceuticals acquired the U.S. rights to subcutaneous and transdermal lisuride from NeuroBiotec GmbH. Lisuride was originally developed as an oral agent and marketed by Schering AG, which was acquired by Bayer in December 2006. The rights to non-oral formulations of lisuride were licensed to NeuroBiotec.

NeuroBiotec and Axxonis
Lisuride is being developed by Axxonis, a subsidiary of NeuroBiotec.

In 2006, Axxonis Pharma GmbH was fully consolidated to Neurobiotec GmbH which then merged fully into new founded Neurobiotec Pharma AG.

In March 2007, NeuroBiotec Pharma AG announced it would do business under the name axxonis Pharma AG.

Biovail and Prestwick
In September 2008, Biovail Corporation announced it has acquired Prestwick Pharmaceuticals. Under the terms of the agreement, Biovail has paid $100 million to acquire 100% of Prestwick Pharmaceuticals and related license rights.

Valeant and...See full deal structure in Biomedtracker

Partners: Valeant Pharmaceuticals International, Inc. Bayer AG

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