Lundbeck will receive an initial payment of $150 million and both companies will share the sales, development, and commercialization costs. Lundbeck is also entitled to as much as $675 million in regulatory and sales milestones.
Taro Iwamoto, president and representative director of Otsuka Pharmaceutical, said, "The global collaboration between Otsuka and Lundbeck continues to grow stronger with the addition of Lu AE58054. Not only does the product further enhance the synergy between the companies as we work together to bring to the market solutions for better health, Lu AE58054 is a potentially promising development in a very difficult disease area."
Ulf Wiinberg, president and chief executive officer of Lundbeck, said, "There is a serious, global, unmet medical need regarding treatments for Alzheimer's disease in aging populations. Together, Otsuka and Lundbeck with their development capabilities, commercial experience and geographical reach will provide a solid foundation in the development of Lu AE58054."