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Organon, Pfizer discontinue their collaboration on asenapine
New York | Tuesday, November 28, 2006, 08:00 Hrs  [IST]

Organon and Pfizer announced that they have agreed to discontinue their collaboration in the further development of asenapine, a new drug candidate for the treatment of schizophrenia and acute mania associated with Bipolar I disorder.

Pfizer's decision to discontinue its participation in the asenapine development programme is an outcome of a commercial analysis of the compound as a part of its overall portfolio. Pfizer will return all product rights, intellectual property and data to Organon and make orderly transitions during 2007.

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