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Teva licenses Active Biotech's laquinimod; Active later regains rights

Executive Summary

Israeli-based Teva Pharmaceutical Industries Ltd. has been granted the exclusive worldwide rights to develop, manufacture, and market Active Biotech AB's (autoimmune and inflammatory diseases and cancer) laquinimod, an immunomodulatory drug candidate for multiple sclerosis. Active Biotech is keeping rights to the Nordic countries and Baltic states of Lithuania, Latvia, and Estonia.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Concluded
Deal Type
  • Alliance
    • R+D and Marketing-Licensing
    • Includes Royalty or Profit Split Information

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