Takeda is committed to providing patients with obesity with treatment options that help address their needs, and the company is planning to commercially launch Contrave in the fall of 2014.
Takeda and Denali will jointly commercialize products in the United States and China, and Takeda will have exclusive commercialization rights in all other markets.
Takeda does not anticipate that its discussions with the EC will result in a delay to its previously announced timetable for completion of the transaction.
Takeda is also planning to provide advices on DMPK, physicochemical profiles and safety pharmacology based on Takeda's experience and expertise in drug discovery and development.
Seattle Genetics and Takeda are funding joint development costs for ADCETRIS on a 50:50 basis, except in Japan where Takeda will be solely responsible for development costs.
The funding includes an equity investment, an option fee and research and development funding, and provides Takeda the exclusive right to purchase GammaDelta Therapeutics.
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