Akili & Shionogi partnership to bring new digital therapeutics to Asia
Category: #health  By Pankaj Singh  Date: 2019-03-09
  • share
  • Twitter
  • Facebook
  • LinkedIn

Akili & Shionogi partnership to bring new digital therapeutics to Asia
  • The new strategic partnership would see the two enterprises collaborate on the development & commercialization of digital therapeutics in crucial Asian markets.
     
  • Potential & upfront milestone payments to Akili for the Taiwan & Japan commercialization are being valued at $125 million.

Akili Interactive (Akili), an American digital medicine company, has reportedly signed a strategic partnership agreement with research-driven Japanese pharmaceutical company, Shionogi & Co., Ltd. (Shionogi) to develop & commercialize digital therapeutics across key markets in Asia.

The collaboration is reportedly to enable the commercialization of Akili’s digital medicines dubbed as AKL-T01 & the AKL-T02, in Taiwan as well as Japan.

According to a press release by Akili Interactive, the AKL-T01 is presently being reviewed by the United States Food & Drug Administration (U.S. FDA), which is determining its credibility as a potential digital therapy for children suffering from attention-deficit/hyperactivity disorder (ADHD). Meanwhile, the AKL-T02 is in the late stages of development and could be used as a potential therapy for cognitive dysfunction & related symptoms for children suffering from Autism Spectrum Disorder (ASD). Both digital treatments are delivered to the patients through immersive action videogames.

The partnership reportedly leverages both enterprise’s unique capabilities to develop a new commercial model & deploy a new class of therapy to the intended patients. Under the terms of the partnership agreement, Shionogi would be responsible for both medicine’s regulatory filings. Moreover, Shionogi would also possess the exclusive rights for the clinical development, marketing & sales of both digital therapeutics across Taiwan & Japan.

Shionogi would reportedly be making an upfront payment totaling $20 million to Akili as part of the deal. Additionally, Akili would also be eligible for substantial commercial & development milestone payments to the tune of $105 million along with significant royalties on both product’s sales in Taiwan & Japan.

According to reports, Akili would be retaining the exclusive global rights for the development & commercialization of both digital therapies across all territories outside of Taiwan & Japan.

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With an experience as an insurance underwriter and a freelance writer under his belt, Pankaj Singh boasts of quite some expertise in the field of content creation. A qualified Post Graduate in Management, Pankaj has also completed a detailed course in Digital Marketin...

Read More

More News By Pankaj Singh

French-Belgian biotech PDC*LINE bags USD 22.2M in a Series B funding
French-Belgian biotech PDC*LINE bags USD 22.2M in a Series B funding
By Pankaj Singh

A clinical stage biotechnology company, PDC*line Pharma, focused upon developing a new class of effective and scalable active immunotherapies for treating cancers, recently announced completion of a Series B round of funding. The company ha...

VMware plans to acquire Nyansa to expand its SW-WAN portfolio
VMware plans to acquire Nyansa to expand its SW-WAN portfolio
By Pankaj Singh

  The deal for the acquisition will close in the first quarter of the FY2021 The terms of the deal have not been disclosed by the company yet VMware, a leading provider of virtualization and cloud computing software and services, recently ...

Rogers Communications launches 5G network services across Canada
Rogers Communications launches 5G network services across Canada
By Pankaj Singh

  The network will first be implemented in Toronto, Vancouver, Montreal and Ottawa Rogers has collaborated with Ericsson to provide the required technology to develop the network Rogers Communications – a Toronto based telecommunicat...