Piramal Healthcare Ltd. is to acquire the worldwide rights to the molecular imaging R&D portfolio of Bayer Pharma AG

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Piramal to acquire Bayer's molecular imaging R&D portfolio: Mumbai-based publicly listed firm Piramal Healthcare Ltd. is to acquire the worldwide rights to the molecular imaging R&D portfolio of Berlin-based listed firm Bayer Pharma AG through its newly created subsidiary, Piramal Imaging SA. The deal, which includes certain milestone and royalty payments, gives Piramal the rights to florbetaben, a possible Alzheimer treatment. Under the agreement, Piramal will have the intellectual property (including patents, trademarks and know-how), worldwide development, marketing and distribution rights of the lead compound florbetaben as well as other clinical and pre-clinical assets of Bayer’s molecular imaging business. 

Piramal estimates that the new class of PET imaging agents for Alzheimer's has a global market potential of up to $1.5 billion and is setting up a dedicated global commercial team for florbetaben. Core members of Bayer’s R&D team working on the portfolio will be joining Piramal Imaging, which will carry forward the development of florbetaben and take it through regulatory approval processes worldwide. 

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