Acorda Therapeutics, Inc. (NASDAQ: ACOR) today announced that it has entered into distribution and supply agreements with Esteve Pharmaceuticals S.A. to commercialize INBRIJA 33 mg (levodopa inhalation powder, hard capsules) in Spain.
INBRIJA is indicated in the EU for the intermittent treatment of episodic motor fluctuations (OFF episodes) in adult patients with Parkinson’s disease treated with a levodopa/dopa-decarboxylase inhibitor.
Under the terms of the supply agreement, ACORDA will receive a significant double-digit percent of the selling price of INBRIJA in Spain in exchange for supply of the product. ESTEVE will have the exclusive distribution rights to INBRIJA in the territory and ACORDA will supply the product to ESTEVE. ESTEVE expects to launch INBRIJA in Spain in the fourth quarter of 2022.
According to current population estimates, there are at least 300,000 people living with Parkinson's disease in Spain, and there is one new case per 10,000 people per year; these incidence and prevalence rates are similar to those in the rest of Europe.
According to CEO Ron Cohen, "We are delighted to enter a partnership with ESTEVE to make INBRIJA available in Spain. This is great news for people with Parkinson’s in Spain who are in need of therapies to treat their OFF periods. ESTEVE has an impressive track record of successfully commercializing pharmaceuticals in Europe for neurological and other indications.
"We are also in active discussions with additional companies for the rights to INBRIJA in other countries in Europe and the rest of the world."
ACOR shares popped 83 cents, or 21.8%, to $4.64.
