Sunovion Diversifies its Neurology Offerings with Acquisition of Cynapsus
Jasmine Kalsi
Abstract
Expanding its CNS portfolio, Sumitomo Dainippon Pharma’s Sunovion Pharmaceuticals has agreed to acquire Canadian biotech Cynapsus Therapeutics for approximately US$624 M in cash. Cynapsus’ sole asset is APL-130277, a Phase III sublingual film formulation of apomorphine that is designed to treat the debilitating ‘OFF’ episodes associated with Parkinson’s disease. It offers a more convenient mode of administration and an improved side-effect profile compared to subcutaneously delivered apomorphine.
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