This is for a non-disease modifying drug - wonder what the price would be for a disease modifying HD drug.
Acorda Therapeutics is gambling $525 million on a Phase III-ready Parkinson's treatment
ACOR is trading up 18% right now...
Acorda Therapeutics is gambling $525 million on a Phase III-ready Parkinson's treatment, striking an all-cash deal to buy Civitas Therapeutics.
Acorda CEO Ron Cohen
Acorda ($ACOR) now has control of CVT-301, a fast-acting rescue formulation of levodopa that can be self-administered through an inhaler. Just weeks ago Civitas nailed down a $55 million venture round from a long lineup of backers, then pivoted to an IPO filing. But that was evidently all part of the bargaining process for this drug, with Acorda settling on an unusual all-cash deal for an experimental program.
and-
"Sales from CVT-301 are expected to exceed $500 million, according to Ron Cohen, Acorda's CEO. Acorda expects to complete another trial and then file for regulatory approval in the U.S. by the end of 2016."
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Acorda Therapeutics is gambling $525 million on a Phase III-ready Parkinson's treatment
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