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Pfizer signs deal for Taisho's schizophrenia drug

Tue Oct 30, 2007 3:18am EDT

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TOKYO, Oct 30 (Reuters) - Pfizer Inc (PFE.N) said on Tuesday that it and Taisho Pharmaceutical Co (4535.T) have signed a letter of intent for the development and commercialisation rights of Taisho's schizophrenia drug candidate outside Japan.

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Pfizer said the agreement would grant Pfizer the exclusive development and commercialisation rights for TS-032, a new schizophrenia drug candidate discovered by Taisho and in the pre-clinical stage.

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