January 18, 2017 / 12:16 PM / in a year

BRIEF-Takeda Pharmaceutical & Ovid Therapeutics announces clinical development,commercialization collaboration for TAK-935

Jan 18 (Reuters) - Takeda Pharmaceutical Co Ltd:

* Takeda and Ovid Therapeutics announce innovative clinical development, commercialization collaboration for TAK-935 in rare pediatric epilepsies

* Takeda Pharmaceutical says received equity in Ovid and may be eligible to receive certain milestone payments based on the advancement of TAK-935

* Takeda Pharmaceutical says Takeda will lead commercialization in Japan, and has the option to lead in asia and other selected geographies

* Takeda Pharmaceutical says Cos to share in development and commercialization costs on 50/50 basis; if successful, will share in profits on 50/50 basis

* Takeda Pharmaceutical says if mutually agreed, additional orphan central nervous system indications may also be pursued

* Takeda Pharmaceutical says Ovid will lead clinical development activities and commercialization of TAK-935 in the U.S., Europe, Canada and Israel

* Takeda pharmaceutical says additional financial details were not disclosed

* Takeda pharmaceutical says companies expect to initiate a phase 1B/2A study in 2017 in patients with rare epileptic encephalopathies Source text for Eikon: Further company coverage:

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