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 The leading web portal for pharmacy resources, news, education and careers July 28, 2017
Pharmacy Choice - Pharmaceutical News - NeuroVive Pharmaceutical Bolsters Partnership Pact with inVentiv Health to Prepare for Upcoming Market Launch [Professional Services Close - Up] - July 28, 2017

Pharmacy News Article

 2/8/14 - NeuroVive Pharmaceutical Bolsters Partnership Pact with inVentiv Health to Prepare for Upcoming Market Launch [Professional Services Close - Up]

NeuroVive Pharmaceutical AB (publ), a mitochondrial medicine company specializing in drugs that treat acute cardiovascular and neurological conditions, said that it has extended the partnership agreement with inVentiv Health, a strategic partner that offers clinical, commercial and consulting services.

In a release, NeuroVive, with a promising portfolio of mitochondrial drugs in development to treat acute cardiovascular and neurological conditions, said that it has been evaluating various collaborations with large pharmaceutical companies and contract research organizations to reduce risk and increase cost efficiencies. The company is currently in the planning stage for commercialization of its lead product, CicloMulsion, now in a Phase III study to determine the drug's effectiveness in reducing cardiac damage following stenting in heart attack patients.

NeuroVive said that inVentiv Health works with pharmaceutical and biotechnology firms to help define alternatives to traditional development and commercialization models. inVentiv offers mid-size pharmaceutical and biopharmaceutical companies an expansive set of services that run from early-stage clinical development to full global commercialization. The breadth of inVentiv Health's services is distinctive in the industry and includes drug development, risk management, market access and reimbursement, launch, marketing communications, payer relations and patient outcomes.

NeuroVive is looking for a partner with an alternative business model that can commercialize CicloMulsion and be leveraged to scale for future products. By working with inVentiv, the company will be able to maintain more control and value while moving faster to market.

"We are very pleased to extend the collaboration with inVentiv Health, an important step in preparing the market for launch of CicloMulsion in Europe and, later, in the United States," said Mikael Bronnegard, CEO of NeuroVive Pharmaceutical AB. "inVentiv Healths commercial services will provide a valuable platform for optimal market penetration at later stages and when approaching the launch and marketing of the product."

"We're big enough to step in and provide NeuroVive with virtually any service they require to develop and commercialize their compound, and we're flexible enough to align with whatever they need to achieve their objectives," said Dan Feldman, President of inVentiv Health Europe. "Pharmaceutical companies face a far more challenging market environment than ever before. Today's market requires innovative strategic partnerships. inVentiv Health was created to provide this new model for the new marketplace."

((Comments on this story may be sent to health@closeupmedia.com))



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