Call Us Contact Us
+44 1494 818 000     Online Enquiry
Lines open
Monday to Thursday
08:30 to 18:00
Friday
08:30 to 17:30
Pharmaceutical | Medical Devices | Scientific | Consumer Healthcare | Dental | Animal Health
Healthcare Communications | Pharmaceutical Executive | Medical Executive | Tech PR | Scientific Executive
         
Latest Jobs
Exclusive vacancies may not be shown here, please contact Laura on +44 1494 818 026 or laura@zenopa.com for more information.
Have you registered?
Once you register you can see additional job details, save jobs, track your applications and manage e-lert preferences.

Register now
Laura Marsh
Account Manager
laura@zenopa.com
+44 1494 818 026

Testimonials
Thanks very much to the Zenopa team for all your help with finding me my great new position! You made my job search so easy by finding the vacancies, sending my CV.
Tom, 2011

Actelion announces results of arbitration meeting with Asahi Kasei Pharma Corporation

7 January 2010 00:00 in Pharmaceutical Company Financials


Actelion has issued a report on the results of an arbitration proceeding session between CoTherix - one of its subsidiaries - and Asahi Kasei Pharma Corporation.

The pharmaceutical firm explained that the meeting related to a licence agreement to develop Asahi Kasei's rho kinase inhibitor fasudil.

It stated that the Asahi Kasei and CoTherix entered into an initial agreement relating to the therapy in June 2006 and this was followed by the acquisition of 100 per cent of all issued and outstanding shares of the latter firm by Actelion in January 2007.

CoTherix has since been a wholly-owned, separate subsidiary of Actelion and advised Asahi Kasei that it would not continue the development of fasudil in January 2007, returning the product to the Japanese firm - which operates around the world, including the UK.

"The arbitration panel has now reached a decision that CoTherix should pay Asahi Kasei approximately $91 million (56.9 million pounds) plus interest," Actelion concluded.

Other news stories from 07/01/2010

Related news

Read more in the Zenopa News Archive

How this news is generated

Story collated for Zenopa by the Axonn News Agency



                    
© Copyright 2014 Zenopa Ltd