Acorda Therapeutics Shares Gains On Spain Distribution Pact For Parkinson's Med

by Vandana Singh, Benzinga Editor

July 23, 2021 7:17 AM | 1 min read | Make a Comment

Acorda Therapeutics Inc ACOR has entered into distribution and supply agreements with Esteve Pharmaceuticals S.A. to commercialize Inbrija 33 mg (levodopa inhalation powder, hard capsules) in Spain.
Inbrija is indicated in the E.U. for the intermittent treatment of episodic motor fluctuations (OFF episodes) in adult patients with Parkinson's disease treated with a levodopa/dopa-decarboxylase inhibitor.
Under the terms of the supply agreement, Acorda will receive a double-digit percentage of the selling price of Inbrija.
Esteve has exclusive distribution rights to Inbrija in the territory, and it will launch the product in Spain in Q4 of 2022.
Price Action: ACOR shares are up 49.3% at $5.69 during the premarket session on the last check Friday.

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