Active Biotech regains global rights to development and commercialization of laquinimod
Lund Sweden, September 5, 2018 – Active Biotech (NASDAQ OMX NORDIC: ACTI) announced today that it regains the global development and commercialization rights to laquinimod from Teva Pharmaceutical Industries Ltd. Teva’s decision to return the rights is based on the fact that Teva does not intend to continue the clinical development of laquinimod. As a consequence of the decision and in accordance with the license agreement, the full rights, including all data generated in the comprehensive preclinical and clinical development program that Teva has conducted since 2004, will revert to Active Biotech.