Mylan will be working with the Israeli biopharmaceutical company Mapi Pharma on the development of a new multiple sclerosis drug.
The companies have agreed to partner on the development and commercialisation of GA Depot, a long-acting glatiramer acetate product, with Mylan acquiring global marketing rights to the drug.
“Mylan has acquired global marketing rights to GA Depot, a long-acting glatiramer acetate product for the treatment of multiple sclerosis.“
GA Depot is a proposed once-monthly injection for the treatment of patients with relapsing-remitting multiple sclerosis (MS), a form of MS that accounts for approximately 85 percent of initial diagnoses.
Mapi Pharma has already completed an open-label phase II clinical trial of this promising therapy, and is currently preparing to commence a pivotal phase III clinical trial to support marketing applications for the drug.
This agreement will see Mylan make an investment in Mapi Pharma, in addition to working alongside it to continue the development of GA Depot.
Rajiv Malik, president of Mylan, said: "We believe that our teams are well poised for a successful collaboration as we work through the remaining clinical and regulatory phases to bring this important product to market."
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