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First Deal Of Scangos Era Brings Phase II ALS Candidate To Biogen Idec

This article was originally published in The Pink Sheet Daily

Executive Summary

Big biotech pays $80 million to Knopp Biosciences for worldwide license to dexpramiprexole.

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Between 2010 and the first quarter of 2013, biopharma engaged in 70 deals involving neurodegenerative disease assets covering a wide variety of targets – possibly a consequence of uncertainty about the underlying pathophysiology. AstraZeneca was the top deal maker in the field even as it moved away from CNS as a core therapeutic area.

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