Monday, March 12, 2007 8:52:30 PM
News
Alliance:
Cortex Pharmaceuticals has licensed its AMPAKINE® technology for the treatment of schizophrenia and depression to Organon BioSciences N.V. Organon BioSciences is currently a pharmaceutical business unit of Netherlands-based Akzo Nobel, which recently announced the proposed sale of Organon to Schering-Plough Corporation. Organon BioSciences has two low impact Ampakine compounds (Org.24448 & Org.26576) in clinical trials for the treatment of schizophrenia and depression. In addition, Cortex recently ended a research collaboration with Servier Laboratories. Servier retains the right to select up to three compounds for further development in the areas of neurodegenerative diseases such as AD and Parkinson’s disease. Cortex may receive additional milestones and royalties if either Organon or Servier is successful in the development and commercialization of Ampakine compounds.
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