MOSCOW: Japanese pharmaceutical company Takeda Pharmaceutical has entered into an agreement with Swiss drug developer AC Immune under which it will invest up to US$2.2 billion to develop a cure for Alzheimer's disease, the Japanese company said, reported Sputnik.
"Takeda and AC Immune SA today announced an exclusive, worldwide option and licence agreement for AC Immune’s active immunotherapies targeting toxic forms of amyloid beta (Abeta), including ACI-24.060 for the treatment of Alzheimer’s disease," the company said in a statement on Monday (May 13).
The statement added that AC Immune will receive an upfront payment of US$100 million "and be eligible to receive an option exercise fee and additional potential development, commercial and sales-based milestones of up to approximately US$2.1 billion if all related milestones are achieved over the course of the agreement".
In addition, the Swiss company will be able to receive "tiered double-digit royalties on worldwide net sales," the statement read. - Bernama-Sputnik
