Issue Date: July 11, 2016
Takeda inks two development pacts
Takeda Pharmaceuticals will work with Belgium’s TiGenix to develop the latter’s stem cell therapy for Crohn’s disease outside the U.S. TiGenix will receive an up-front payment of $28 million, as well as potential milestone and royalty payments. Takeda also will invest $11 million in the Belgian firm. Separately, Takeda is forming a partnership with Altos Therapeutics to develop Altos’s ATC-1906, an oral dopamine D2/D3 receptor antagonist, for the treatment of gastroparesis. The agreement gives Takeda an exclusive option to acquire Altos through Phase I development of the drug.
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