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Lundbeck hands over former Alzheimer's candidate to privately-owned biotech company

Lundbeck is giving idalopirdine, which it shelved in 2017 following disappointing results for Alzheimer's disease, to Denovo Biopharma, which has in-licensed rights to all indications.

Photo: Stine Bidstrup/ERH
BY ELIZABETH MØNSTED JOHANSEN, TRANSLATED BY NIELSINE NIELSEN

Denovo Biopharma appears to think that Lundbeck's hand-me-downs are quite the treasure trove.

The companies have made a deal that Denovo will be in-licensing rights to the drug candidate idalopirdine, which Lundbeck formerly developed as a treatment for Alzheimer's disease. This drug was officially shelved in 2017 after a failed phase III study towards the end of the previous year, which also caused the company's share price to plummet.

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