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    Tris Pharma® Announces Acquisition of Park Therapeutics – Pain Company with First-in-class, Phase III-Ready New Chemical Entity (NCE)

    Details:

    Park Therapeutics is developing a unique, first-in-class, investigational NCE for the treatment of pain which is Phase III-ready. With the acquisition, Tris owns worldwide rights and all accompanying intellectual property for cebranopadol.


    Lead Product(s): Cebranopadol

    Therapeutic Area: Neurology Product Name: PRK-101

    Highest Development Status: Phase IIProduct Type: Small molecule

    Partner/Sponsor/Collaborator: Tris Pharma Inc

    Deal Size: Undisclosed Upfront Cash: Undisclosed

    Deal Type: Acquisition April 29, 2021

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