• Neurocrine Biosciences amended its agreement with Takeda to obtain exclusive worldwide rights to develop and commercialize osavampator for major depressive disorder (MDD), excluding Japan.
• Osavampator (NBI-1065845) demonstrated statistically significant improvements in depression symptoms in a Phase 2 trial, meeting primary and key secondary endpoints.
• Neurocrine plans to initiate a Phase 3 program for osavampator in the first half of 2025, following a successful End-of-Phase 2 meeting with the FDA.
• Takeda reacquired exclusive rights for osavampator in Japan and will be responsible for development costs in its region, while both companies are eligible for royalty payments.