NEW YORK and ARNHEM, Netherlands, Nov. 28 /PRNewswire-FirstCall/ -- Organon and Pfizer today announced that they have agreed to discontinue their collaboration in the further development of asenapine, a new drug candidate for the treatment of schizophrenia and acute mania associated with Bipolar I Disorder.
Pfizer’s decision to discontinue its participation in the asenapine development program is an outcome of a commercial analysis of the compound as a part of its overall portfolio. Pfizer will return all product rights, intellectual property and data to Organon and make orderly transitions during 2007.
Organon will continue to develop asenapine.
Photo: A free corporate logo to accompany this story is availableimmediately via Wieck Photo Database to any media with telephoto receiver orelectronic darkroom, PC or Macintosh, that can accept overhead transmissions.To retrieve a logo, please call 972-392-0888.//Company News On-Call: http://www.prnewswire.com/comp/688250.htmlPfizer Inc
CONTACT: Paul Fitzhenry, +1-212-733-4637 for Pfizer Inc
Web site: http://www.pfizer.com/
Company News On-Call: Pfizer’s press releases are available through PR Newswire’s Company News On-Call service on PRN’s Web Site. Visit http://www.prnewswire.com/comp/688250.html /
