Orexo acquires exclusive US rights for commercialization of deprexis®
Category: #healthcare  By Mateen Dalal  Date: 2020-05-12
  • share
  • Twitter
  • Facebook
  • LinkedIn

Orexo acquires exclusive US rights for commercialization of deprexis®

Orexo, a renowned Sweden based pharmaceutical company, has reportedly announced that it acquired the exclusive rights to commercialize GAIA AG’s digital therapy solution, deprexis®, in the U.S. Deprexis is a digital treatment platform to help individuals manage the symptoms of depression. The platform is also among the most researched digital treatments across the globe.

The acquisition of the commercialization rights by Orexo follows two previous deals with GAIA in which Orexo procured the exclusive US rights for vorvida®, and OXD01. Vorvida is scientifically proven to decrease risky drinking patterns among adults having AUD (alcohol use disorder). Meanwhile, OXD01 is a novel digital treatment that is currently being developed to treat OUD (opioid use disorder).

The demand for digital therapies owing to the COVID-19 crisis is rapidly increasing. The COVID-19 crisis, along with the steps that are being taken to restrict its spread, is projected to cause a tremendous rise in cases of mental illnesses like substance abuse and depression.

 Orexo is well-positioned to be at the forefront of addressing this rise in mental illnesses by providing digital therapies that boast of efficacy that is scientifically proven, allowing patients to get help while subsequently adhering to social distancing practices.

The emergency use authorization policy unveiled recently by the US FDA (Food and Drug Administration) to address Psychiatric disorders through digital health devices would enable the company to expedite the launch of these three treatments in 2020 to effectively help society tackle some of the negative effects of the coronavirus pandemic.

As per the terms of the agreement, GAIA would receive an upfront payment and would also get royalties on the basis of net sales starting for January 1, 2022. Deprexis is already FDA classified and the company expects to rollout deprexis® across the United States in the summer of 2020.   

 

Source credit: https://orexo.com/media/regulatory-press-releases?releaseId=9CC5F2D2BF210584

About Author

Mateen Dalal    

Mateen Dalal

Despite working as a professional testing engineer, Mateen Dalal always held a liking for content creation. Following his passion, he now pens down articles for itresearchbrief.com and a couple of similar portals. Mateen is a qualified electronics and telecommunicat...

Read More>>

More News By Mateen Dalal

Tesla’s highly awaited cybertruck to face production delays until 2022
Tesla’s highly awaited cybertruck to face production delays until 2022
By Mateen Dalal

This EV pickup truck has an unorthodox design and boasts a formidable range of over 400 kms. The ...

French lawmakers approve a bill to deal with fourth wave of Coronavirus
French lawmakers approve a bill to deal with fourth wave of Coronavirus
By Mateen Dalal

The French parliament recently approved a bill that makes Covid-19 vaccination mandatory for health ...

China scraps WHO’s plans for 2nd phase of Covid-19 origin study
China scraps WHO’s plans for 2nd phase of Covid-19 origin study
By Mateen Dalal

The World Health Organization’s plan for a deeper probe into the origin of the coronavirus was...