Teva has announced that it will acquire inhaled drug developer MicroDose Therapeutx for $40 million up front plus up to $125 million in development and regulatory milestone payments, as well as sales milestone payments and royalties. Calling the acquisition “a significant step toward expanding its respiratory pipeline,” the company cited MicroDose’s proprietary dry powder nebulizer and MDT-637 inhaled antiviral for the treatment of respiratory syncytial virus (RSV) as particularly promising.
Teva Global R&D President and Chief Scientific Officer Michael Hayden commented, “I am thrilled that Teva can now count the exciting MicroDose products and technologies amongst our growing respiratory portfolio. The MicroDose platform is both simple and attractive, and their addition will help us to address the unmet needs of the youngest and oldest patients, who have a requirement for a better way of taking the medicines they rely upon.”
MicroDose President, CEO, and Chairman Anand Gumaste responded, “We believe this agreement provides a unique opportunity to advance MicroDose’s platform technology and development programs for the greatest benefit of patients. Teva has a strong and growing franchise in respiratory diseases, with extensive experience in both delivery mechanisms and novel therapeutic modalities. Teva also has a worldwide market presence and leading global supply chain.”
Read the Teva press release.
