{"id":516651,"date":"2021-07-22T16:04:08","date_gmt":"2021-07-22T20:04:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/"},"modified":"2021-07-22T16:04:08","modified_gmt":"2021-07-22T20:04:08","slug":"acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/","title":{"rendered":"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Acorda Therapeutics Announces Agreement to Commercialize INBRIJA<sup>\u00ae<\/sup> in Spain<\/b><\/p>\n<p>ARDSLEY, N.Y.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAcorda Therapeutics, Inc. (Nasdaq: ACOR) today announced that it has entered into distribution and supply agreements with Esteve Pharmaceuticals S.A (ESTEVE) to commercialize INBRIJA<sup>\u00ae<\/sup> 33 mg (levodopa inhalation powder, hard capsules) in Spain. INBRIJA is indicated in the EU for the intermittent treatment of episodic motor fluctuations (OFF episodes) in adult patients with Parkinson\u2019s disease treated with a levodopa\/dopa-decarboxylase inhibitor.<b><sup><i> (1)<\/i><\/sup><\/b><\/p>\n<p>\nUnder the terms of the supply agreement, ACORDA will receive a significant double-digit percent of the selling price of INBRIJA in Spain in exchange for supply of the product. ESTEVE will have the exclusive distribution rights to INBRIJA in the territory and ACORDA will supply the product to ESTEVE. ESTEVE expects to launch INBRIJA in Spain in the fourth quarter of 2022.\n<\/p>\n<p>\nAccording to current population estimates, there are at least 300,000 people living with Parkinson&#8217;s disease in Spain, and there is one new case per 10,000 people per year; these incidence and prevalence rates are similar to those in the rest of Europe.<b><i><sup>(2)<\/sup><\/i><\/b><\/p>\n<p>\n\u201cWe are delighted to enter a partnership with ESTEVE to make INBRIJA available in Spain. This is great news for people with Parkinson\u2019s in Spain who are in need of therapies to treat their OFF periods. ESTEVE has an impressive track record of successfully commercializing pharmaceuticals in Europe for neurological and other indications,\u201d said Ron Cohen, M.D., President and CEO of Acorda Therapeutics. \u201cWe are also in active discussions with additional companies for the rights to INBRIJA in other countries in Europe and the rest of the world.\u201d\n<\/p>\n<p><b>About Acorda Therapeutics<\/b><\/p>\n<p>\nAcorda Therapeutics develops therapies to restore function and improve the lives of people with neurological disorders. INBRIJA<sup>\u00ae <\/sup>is approved for intermittent treatment of OFF episodes in adults with Parkinson\u2019s disease treated with carbidopa\/levodopa. INBRIJA is not to be used by patients who take or have taken a nonselective monoamine oxidase inhibitor such as phenelzine or tranylcypromine within the last two weeks. INBRIJA utilizes Acorda\u2019s innovative ARCUS<sup>\u00ae<\/sup> pulmonary delivery system, a technology platform designed to deliver medication through inhalation. Acorda also markets the branded AMPYRA<sup>\u00ae<\/sup> (dalfampridine) Extended Release Tablets, 10 mg.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release includes forward-looking statements. All statements, other than statements of historical facts, regarding management&#8217;s expectations, beliefs, goals, plans or prospects should be considered forward-looking. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including: we may not be able to successfully market AMPYRA, INBRIJA or any other products under development; the COVID-19 pandemic, including related quarantines and travel restrictions, and the potential for the illness to affect our employees or consultants or those that work for other companies we rely upon, could have a material adverse effect on our business operations or product sales; our ability to raise additional funds to finance our operations, repay outstanding indebtedness or satisfy other obligations, and our ability to control our costs or reduce planned expenditures; risks associated with the trading of our common stock and our reverse stock split; risks related to our workforce, including our ability to realize the expected benefits of our corporate restructuring; risks associated with complex, regulated manufacturing processes for pharmaceuticals, which could affect whether we have sufficient commercial supply of INBRIJA to meet market demand; our reliance on third-party manufacturers for the production of commercial supplies of AMPYRA and INBRIJA; third-party payers (including governmental agencies) may not reimburse for the use of INBRIJA at acceptable rates or at all and may impose restrictive prior authorization requirements that limit or block prescriptions; reliance on collaborators and distributors to commercialize INBRIJA and AMPYRA outside the U.S.; competition for INBRIJA and AMPYRA, including increasing competition and accompanying loss of revenues in the U.S. from generic versions of AMPYRA (dalfampridine) following our loss of patent exclusivity; the ability to realize the benefits anticipated from acquisitions, among other reasons because acquired development programs are generally subject to all the risks inherent in the drug development process and our knowledge of the risks specifically relevant to acquired programs generally improves over time; the risk of unfavorable results from future studies of INBRIJA (levodopa inhalation powder) or from other research and development programs, or any other acquired or in-licensed programs; the occurrence of adverse safety events with our products; the outcome (by judgment or settlement) and costs of legal, administrative or regulatory proceedings, investigations or inspections, including, without limitation, collective, representative or class-action litigation; failure to protect our intellectual property, to defend against the intellectual property claims of others or to obtain third-party intellectual property licenses needed for the commercialization of our products; and failure to comply with regulatory requirements could result in adverse action by regulatory agencies.\n<\/p>\n<p>\nThese and other risks are described in greater detail in our filings with the Securities and Exchange Commission. We may not actually achieve the goals or plans described in our forward-looking statements, and investors should not place undue reliance on these statements. Forward-looking statements made in this press release are made only as of the date hereof, and we disclaim any intent or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.\n<\/p>\n<p><i>1. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ema.europa.eu%2Fen%2Fdocuments%2Fproduct-information%2Finbrija-epar-product-information_en.pdf&amp;esheet=52464762&amp;newsitemid=20210722005879&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.ema.europa.eu%2Fen%2Fdocuments%2Fproduct-information%2Finbrija-epar-product-information_en.pdf&amp;index=1&amp;md5=59f0fe03e7a8945616c316b648638915\">https:\/\/www.ema.europa.eu\/en\/documents\/product-information\/inbrija-epar-product-information_en.pdf<\/a>.<br \/>\n<br \/><\/i><i>2. The social impact of Parkinson&#8217;s disease in Spain: Report by the Spanish Foundation for the Brain. R. Garc\u00eda-Ramos. 2016, Neurolog\u00eda, p\u00e1gs. 401\u2014413.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210722005879r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210722005879\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210722005879\/en\/<\/a><\/span><\/p>\n<p>\nTierney Saccavino<br \/>\n<br \/>(914) 326-5104<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:tsaccavino@acorda.com\">tsaccavino@acorda.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe Spain United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Biotechnology General Health Pharmaceutical Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain ARDSLEY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced that it has entered into distribution and supply agreements with Esteve Pharmaceuticals S.A (ESTEVE) to commercialize INBRIJA\u00ae 33 mg (levodopa inhalation powder, hard capsules) in Spain. INBRIJA is indicated in the EU for the intermittent treatment of episodic motor fluctuations (OFF episodes) in adult patients with Parkinson\u2019s disease treated with a levodopa\/dopa-decarboxylase inhibitor. (1) Under the terms of the supply agreement, ACORDA will receive a significant double-digit percent of the selling price of INBRIJA in Spain in exchange for supply of the product. ESTEVE will have the exclusive distribution rights to INBRIJA in the territory and ACORDA will supply the product &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516651","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain ARDSLEY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced that it has entered into distribution and supply agreements with Esteve Pharmaceuticals S.A (ESTEVE) to commercialize INBRIJA\u00ae 33 mg (levodopa inhalation powder, hard capsules) in Spain. INBRIJA is indicated in the EU for the intermittent treatment of episodic motor fluctuations (OFF episodes) in adult patients with Parkinson\u2019s disease treated with a levodopa\/dopa-decarboxylase inhibitor. (1) Under the terms of the supply agreement, ACORDA will receive a significant double-digit percent of the selling price of INBRIJA in Spain in exchange for supply of the product. ESTEVE will have the exclusive distribution rights to INBRIJA in the territory and ACORDA will supply the product &hellip; Continue reading &quot;Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T20:04:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210722005879r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain\",\"datePublished\":\"2021-07-22T20:04:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\\\/\"},\"wordCount\":951,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210722005879r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\\\/\",\"name\":\"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain - 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(Nasdaq: ACOR) today announced that it has entered into distribution and supply agreements with Esteve Pharmaceuticals S.A (ESTEVE) to commercialize INBRIJA\u00ae 33 mg (levodopa inhalation powder, hard capsules) in Spain. INBRIJA is indicated in the EU for the intermittent treatment of episodic motor fluctuations (OFF episodes) in adult patients with Parkinson\u2019s disease treated with a levodopa\/dopa-decarboxylase inhibitor. (1) Under the terms of the supply agreement, ACORDA will receive a significant double-digit percent of the selling price of INBRIJA in Spain in exchange for supply of the product. ESTEVE will have the exclusive distribution rights to INBRIJA in the territory and ACORDA will supply the product &hellip; Continue reading \"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-22T20:04:08+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210722005879r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain","datePublished":"2021-07-22T20:04:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/"},"wordCount":951,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210722005879r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/acorda-therapeutics-announces-agreement-to-commercialize-inbrija-in-spain\/","name":"Acorda Therapeutics Announces Agreement to Commercialize INBRIJA\u00ae in Spain - 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