September 27, 2007
Taisho Pharmaceutical Co., Ltd. [Headquarter: Toshima-ku, Tokyo, Japan, President: Akira Uehara] (hereinafter, Taisho) and BrainCells, Inc. [Headquarter: San Diego, California, USA, CEO: James A. Schoeneck] (hereinafter, BCI) concluded a license agreement for novel compounds for central nervous system (CNS) indications originated by Taisho, which are in pre-clinical stage.
In accordance with the license agreement, Taisho granted to BCI exclusive rights for development and commercialization of the compounds worldwide except for Japan and China. BCI will complete pre-clinical development of the lead compound, and advance it to clinical stage.
Taisho is the leading company in non-prescription pharmaceuticals in Japan. At the same time, it is strengthening its research and development efforts in the area of prescription drugs through steady internal growth. These efforts have seen it make progress with several original projects, including the compounds that are licensed out to BCI. Through ongoing active proprietary R&D and collaboration with Japanese and foreign companies, Taisho is determined to bolster its prescription pharmaceuticals business.
Overview of BrainCells, Inc.
|Headquarter||San Diego, California, USA|