Healthcare Industry News: Organon
News Release - November 28, 2006
Organon and Pfizer Discontinue Their Collaboration on AsenapineNEW YORK and ARNHEM, Netherlands, Nov. 28 (HSMN NewsFeed) -- Organon and Pfizer today announced that they have agreed to discontinue their collaboration in the further development of asenapine, a new drug candidate for the treatment of schizophrenia and acute mania associated with Bipolar I Disorder.
Pfizer's decision to discontinue its participation in the asenapine development program is an outcome of a commercial analysis of the compound as a part of its overall portfolio. Pfizer will return all product rights, intellectual property and data to Organon and make orderly transitions during 2007.
Organon will continue to develop asenapine.
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