Neurocrine Partners With Takeda to Address Psychiatric Disorders

San Diego – June 29, 2020 – Cooley advised Neurocrine Biosciences on its strategic partnership agreement with Takeda to develop and commercialize potential therapies in Takeda’s early- to mid-stage pipeline for psychiatric disorders. The partnership will enhance Neurocrine’s growing pipeline of treatments and strengthen the company’s position as a leading neuroscience-focused biopharmaceutical company. Cooley lawyers Kay Chandler and Rena Kaminsky led the team advising Neurocrine.

“We are excited to collaborate with Takeda to bring life-changing therapies to people living with serious, challenging and under-addressed psychiatric disorders who are in need of better treatment options,” Neurocrine CEO Kevin Gorman said in a statement. “With our deep understanding in the fields of psychiatry and neurology, we look forward to developing new treatments for schizophrenia, treatment-resistant depression and anhedonia as part of our diverse clinical development pipeline.”

Neurocrine will develop and commercialize all pipeline compounds included in the collaboration. Under the terms of the agreement, Neurocrine will pay Takeda $120 million in upfront cash and up to $495 million in development milestones, $1.4 billion in commercial milestones and double-digit royalties on net sales.

Headquartered in San Diego, Neurocrine specializes in targeting and interrupting disease-causing mechanisms involving the interconnected pathways of the nervous and endocrine systems. The company's diverse portfolio includes FDA-approved treatments for tardive dyskinesia, Parkinson’s disease, endometriosis and uterine fibroids and clinical development programs in multiple therapeutic areas. 

Last year, Cooley advised Neurocrine on a collaboration agreement with Xenon and with Voyager.  

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Related Contacts
Kay Chandler  Partner San Diego
Rena Kaminsky  Special Counsel Palo Alto
Jacqueline Grise  Partner Washington, DC
Megan Browdie  Partner Washington, DC
Jason Kent  Partner New York
Carlos Ramirez  Partner San Diego
Mika Reiner Mayer  Partner Palo Alto
Kimberly Bolin  Patent Agent Palo Alto
Catherine O. Liang  Associate Palo Alto
Matthew C. Stevens  Patent Agent Palo Alto
Connie Tong  Patent Agent Palo Alto
Natasha Leskovsek  Of Counsel Washington, DC
Stephanie Gentile  Partner New York
Amanda Pacheco  Associate Palo Alto