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Chugai and Taisho to Co-Develop and Market Antiresorptive Bisphosphonate R484.

Tokyo, Japan, Sept 13, 2006 - (JCN) - Chugai Pharmaceutical Co., Ltd. and Taisho Pharmaceutical Co., Ltd. have agreed to co-develop and market antiresorptive bisphosphonate R484, (generic name: ibandronic acid) for treatment of osteoporosis in post-menopausal women.

Under the agreement, Chugai will receive an upfront fee and milestone payments from Taisho.

R484 is currently in phase II clinical trials in Japan and is expected to be the next generation osteoporosis treatment drug. It is marketed under the brand name Bonviva in the U.S.

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Publication:JCNN News Summaries
Geographic Code:9JAPA
Date:Sep 13, 2006
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