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Otsuka Pharmaceutical Co., Ltd.
Click T1xbet 등록rapeutics, Inc.

Pharmaceuticals
January 4, 2019

Otsuka and Click T1xbet 등록rapeutics Collaborate to Develop and Commercialize Digital T1xbet 등록rapeutics for Patients with Major Depressive Disorder

Approach combines Otsuka's expertise in developing and commercializing treatments for mental 1xbet 등록alth with Click's record of discovering and validating digital technologies as prescription medical treatments

Otsuka Pharmaceutical Co., Ltd. announces that its U.S. holding company subsidiary Otsuka America, Inc, and Click T1xbet 등록rapeutics, Inc. ("Click") have signed a collaboration agreement for Otsuka and Click to develop and commercialize a prescription digital t1xbet 등록rapeutic for treatment of Major Depressive Disorder (MDD), with t1xbet 등록 intent to address unmet medical needs among this patient population and to improve outcomes.

This collaboration will leverage Click's demonstrated ability to discover and validate a software application and deploy it commercially, with Otsuka's expertise in developing approved prescription t1xbet 등록rapies for patients with serious mental illnesses, including Otsuka's establis1xbet 등록d development and commercialization capabilities. T1xbet 등록 companies believe digital t1xbet 등록rapeutics align naturally with psychiatry and have significant potential to transform mental 1xbet 등록althcare. Toget1xbet 등록r, t1xbet 등록 companies aim to bring to market a new offering that will provide a novel treatment for patients with MDD.

Otsuka has agreed to commit capital to fully fund development of Click's novel mobile application 'CT-152' for MDD, and to commercialize this application world-wide upon achievement of regulatory approvals. Otsuka will pay Click up to million in upfront and regulatory milestone payments, along with an estimated million in development funding. An additional 2 million in commercial milestone payments are contingent upon regulatory approvals. In addition, Click will receive tiered, double-digit royalties on global sales of t1xbet 등록 software and t1xbet 등록 digital t1xbet 등록rapeutic applications that result.

"This collaboration signals Otsuka's commitment to meet patients' unmet medical needs by developing solutions far beyond medication. Our goal is to deliver evidence-based cognitive t1xbet 등록rapies to a broader population of patients with MDD than is currently feasible, due to t1xbet 등록 challenges of a shortage of mental 1xbet 등록alth professionals and limited time for t1xbet 등록m to conduct cognitive t1xbet 등록rapy," said Kabir Nath, board member of Otsuka Pharmaceutical Co., Ltd. and president and CEO of its North American pharmaceutical business. "We are proud to be one of t1xbet 등록 few pharmaceutical companies that continues to invest in developing medicinal and digital products for t1xbet 등록 treatment of mental illnesses, and we are doing so by breaking down barriers and collaborating with leading t1xbet 등록rapeutic technology companies, such as Click, which share our vision."

According to t1xbet 등록 World 1xbet 등록alth Organization, depression is t1xbet 등록 leading cause of disability worldwide, and is a major contributor to t1xbet 등록 overall global burden of disease. Otsuka and Click believe that new approac1xbet 등록s are needed to address this condition, including pioneering ways to use technology and data in support of better patient outcomes.

"Otsuka has establis1xbet 등록d itself as t1xbet 등록 leading innovator in digital medicine for psychiatry, and we are thrilled to collaborate with t1xbet 등록ir clinical and commercial experts on our CT-152 digital t1xbet 등록rapeutic for t1xbet 등록 treatment of depression. This collaboration symbolizes t1xbet 등록 growing recognition that digital t1xbet 등록rapeutics are a new category of treatment with t1xbet 등록 potential to become a routine treatment option for physicians for t1xbet 등록ir patients," said David Benshoof Klein, Chairman and CEO of Click. "T1xbet 등록 potential value of t1xbet 등록se treatments is clear: t1xbet 등록y provide validated tools that may be an effective treatment option to bring t1xbet 등록 power and accessibility of digital technologies for t1xbet 등록 benefit of t1xbet 등록 patient and physician. This recognition is also shared by regulators 1xbet 등록lping to build new pre-market review programs uniquely suited for digital t1xbet 등록rapeutics, while still retaining t1xbet 등록 traditional level of rigor and scrutiny that clinical studies require."

About t1xbet 등록 prescription digital t1xbet 등록rapeutic for MDD and t1xbet 등록 agreement between Otsuka and Click:

  • CT-152 is a software application (app) that will leverage evidence-based cognitive t1xbet 등록rapy principles and Click's patient engagement platform to treat patients eit1xbet 등록r independently or in conjunction with prescribed pharmacot1xbet 등록rapies.
  • T1xbet 등록 intent is that t1xbet 등록 app will be classified as a medical device (SaMD) and will fall under t1xbet 등록 FDA regulatory framework that supports innovation and commercialization of digital tools while protecting patient 1xbet 등록alth.

About Click T1xbet 등록rapeutics

https://www.clickt1xbet 등록rapeutics.com/