ALTANA and Pfizer to terminate Daxas collaboration

Published: 5-Jul-2005

German company ALTANA and Pfizer have mutually agreed to terminate the Daxas (roflumilast) collaboration with effect from 30 June 2005.


German company ALTANA and Pfizer have mutually agreed to terminate the Daxas (roflumilast) collaboration with effect from 30 June 2005.

Under the terms of their agreement, Pfizer will be returning all its rights in Daxas to ALTANA.

ALTANA will assume sole responsibility for the further development of Daxas and in particular the ongoing clinical studies, and Pfizer will cooperate in order to facilitate a smooth transition. ALTANA is committed to continue the development of Daxas.

The PDE4-inhibitor Daxas is an oral investigational, steroid-free anti-inflammatory agent being studied for the treatment of chronic obstructive pulmonary disease and asthma. A marketing authorisation application for Daxas is under evaluation by regulatory agencies in Europe.

The co-promotion agreement concerning Detrol will continue under its current terms until the end of 2006.

  

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