Biotie Therapies was formed in the merger of Biotie Therapies Corp., Oy Contral Pharma Ltd and its subsidiary Carbion Inc in the year 2002. In the year 2006 the company generated revenue of 1,12 million euros.
In 2008, Biotie Therapies acquired the German pharmaceutical discovery and development company elbion GmbH. Target indications of the acquired elbion pipeline included COPD, schizophrenia and opioid dependence. The combined entity will focus on research and development of drugs for central nervous system disorders (addiction, psychotic illnesses) and inflammatory diseases (e.g. rheumatoid arthritis and psoriasis) with high unmet medical need.
As of 2009, the company has partnering agreements with H. Lundbeck A/S, Roche, Wyeth and Seikagaku Corporation.
Under the terms of the Nalmefene contract with Lundbeck, Biotie is eligible for up to €84 million in upfront and milestone payments, plus royalty on sales of the drug.
Adapted from the Wikipedia article Biotie Therapies, under the G. N. U. Free Documentation License. Please also see http://en.wikipedia.org/wiki
Biotie Therapies – Introduction
Biotie Therapies was formed in the merger of Biotie Therapies Corp., Oy Contral Pharma Ltd and its subsidiary Carbion Inc in the year 2002. In the year 2006 the company generated revenue of 1,12 million euros.
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