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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