inVentiv Health, NeuroVive Pharmaceutical extend partnership
inVentiv Health, offering best-in-class clinical, commercial and consulting services, has extended its partnership with NeuroVive Pharmaceutical, a publicly-traded Swedish biotech firm specializing in drugs that treat acute cardiovascular and neurological conditions.
inVentiv Health works with pharmaceutical and biotechnology firms to help define innovative alternatives to traditional development and commercialization models. inVentiv offers mid-size pharmaceutical and biopharmaceutical companies an expansive set of services that run from early-stage clinical development to full global commercialization. The breadth of inVentiv Health's services is unique in the industry and includes comprehensive drug development, risk management, market access and reimbursement, launch, marketing communications, payer relations and patient outcomes.
NeuroVive, with a portfolio of mitochondrial drugs in development to treat acute cardiovascular and neurological conditions, has been evaluating various collaborations with large pharmaceutical companies and CROs to reduce risk and increase cost efficiencies. It currently is in the planning stage for commercialization of its lead product, CicloMulsion, now in a phase III study to determine the drug's effectiveness in reducing cardiac damage following stenting in heart attack patients.
NeuroVive is looking for a partner with an alternative business model that can commercialize CicloMulsion and be leveraged to scale for future products. By working with inVentiv, mid-size pharmaceutical companies maintain more control and value with the ability to move faster to market.
"We're big enough to step in and provide NeuroVive with virtually any service they require to develop and commercialize their compound, and we're flexible enough to align with whatever they need to achieve their objectives," said Dan Feldman, president of inVentiv Health Europe. "Pharmaceutical companies face a far more challenging market environment than ever before. Today's market requires innovative strategic partnerships. inVentiv Health was created to provide this new model for the new marketplace."
NeuroVive already is accessing inVentiv services and recently completed a one-year regulatory consulting project with ParagonRx, inVentiv's risk mitigation service. inVentiv will next be providing market assessment services through its consulting arm, Campbell Alliance. Campbell, a health care consulting firm, helps companies sell more effectively in an environment increasingly dominated by third-party payers.
NeuroVive and inVentiv also are discussing a broader expansion of the partnership to include future development and commercialization services for CicloMulsion.
"We are very pleased to extend the collaboration with inVentiv Health, an important step in preparing the market for launch of CicloMulsion in Europe and, later, in the U.S.," said Mikael Bronnegard, CEO of NeuroVive Pharmaceutical. "inVentiv Health's commercial services will provide a valuable platform for optimal market penetration at later stages and when approaching the launch and marketing of the product."