Berlin-based Bayer Schering Pharma (formerly Schering) has signed a license and option agreement with two Japanese companies and the National Institute of Radiological Sciences (NIRS) in Japan to develop imaging compounds for detecting neurodegenerative diseases such as Alzheimer's and Parkinson's diseases.
Taisho Pharmaceutical, Nihon Nohyaku, and NIRS jointly own patent rights for a compound class that may be applied for various noninvasive imaging technologies, such as PET scanning. Bayer Schering Pharma will receive worldwide exclusive rights to develop and market the products for use with PET scanning technology.
By AuntMinnie.com staff writers
January 19, 2007
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