Japanese company reaches $2bn deal to develop Alzheimer’s vaccine
Japan’s Takeda Pharmaceuticals has reached a deal worth up to $2.2bn to develop an Alzheimer’s vaccine made by Swiss start-up AC Immune, as drug companies race to invest in potentially lucrative new treatments for the disease.
Japanese company reaches $2bn deal to develop Alzheimer’s vaccine
2T2C: Talent, Technology, Capital, Cognition

Japanese company reaches $2bn deal to develop Alzheimer’s vaccine

Photo: AFP/Nurphoto/Jakub Porzycki 
Eurasia 21/05/2024 12:25

Japan’s Takeda Pharmaceuticals has reached a deal worth up to $2.2bn to develop an Alzheimer’s vaccine made by Swiss start-up AC Immune, as drug companies race to invest in potentially lucrative new treatments for the disease.

The vaccine is one of a wave of new drugs heading for the market, including lecanemab, developed by Japanese company Eisai, which received US regulatory approval last year, Financial Times reported.

In the Takeda deal, AC Immune will receive an upfront payment of $100mn, rising to $2.1bn if milestones are reached, as well as more than 10 per cent in royalties from any worldwide sales.

The Japanese group could advance the product to late-stage, phase 3 trials, AC Immune said, but regulatory approval could take several years.

Early trials had identified no safety concerns, said Andrea Pfeifer, chief executive of the biotech. But AC Immune would not have efficacy data for the drug until it completed a mid-stage trial within the next 12 months.
#Japan
See Also
Kuwait College of Science and Technology partners with Hungarian AI company Tengrai<br>
Kuwait College of Science and Technology partners with Hungarian AI company Tengrai

The Kuwait College of Science and Technology (KCST) has signed a memorandum of understanding with Tengrai, a leading artificial intelligence firm based in Hungary. The agreement was formalized during a visit by Tengrai’s founder, W. Szabo Peter, and the Hungarian Ambassador to Kuwait, András Szabó, who were warmly received by Professor Khaled Al-Baqa’in, President of KCST.
Third party countries matter
Third party countries matter

Singapore and Hungary play a crucial role as they provide a platform and a meeting point for various countries and companies to share technology, exchange data, showcase their capabilities, and establish joint ventures, Bernard Yeung, Emeritus President of the Asian Bureau of Finance and Economic Research told us on the sidelines of the Budapest Eurasia Forum.
China-developed deepwater gas field reports record gas, oil output
China-developed deepwater gas field reports record gas, oil output

China's first independently-developed and built ultra-deepwater gas field has recorded an accumulated natural gas output of over 8 billion cubic meters so far, with its oil output exceeding 800,000 cubic meters.

We use cookies on our website. If you consent to their use, we use them to measure and analyze the use of the website.
Information and Settings

Accept