Biotie Therapies

From Wikipedia, the free encyclopedia

Company typePublic
Founded1998; 27 years ago (1998)
Biotie Therapies Oyj
Company typePublic
Nasdaq Helsinki: BTH1V
Nasdaq: BITI
IndustryBiotechnology
Founded1998; 27 years ago (1998)
HeadquartersTurku, Finland
Key people
  • Markku Jalkanen (founding CEO)
  • Timo Veromaa (CEO)
  • Peter Fellner (chairman of the board)
RevenueIncrease 4.8 million (2012)[1]:p. 11
Increase (€25.6 million) (2012)[1]:p. 11
Number of employees
38 (end 2012)[1]:p. 8
Websitewww.biotie.com

Biotie Therapies Oyj was a Finnish biotechnology and pharmaceutics company that was acquired by Acorda Therapeutics in January 2016. The company's research and development was focused on drugs for neurodegenerative and psychiatric disorders like Parkinson's disease, Alzheimer's disease and other cognitive disorders, alcohol and drug dependence and post traumatic stress disorder, and inflammatory and fibrotic liver disease. The company's headquarters is in Turku, Western Finland, and it is listed on NASDAQ OMX Helsinki.

Biotie Therapies was formed in the merger of Biotie Therapies Corp. (incorporated in 1998),[2] Oy Contral Pharma Ltd and Carbion Inc in the year 2002. In 2008, Biotie Therapies acquired the German pharmaceutical discovery and development company Elbion GmbH in Radebeul. In 2010 Biotie Therapies all preclinical assets were transferred into a new company, biocrea GmbH, in which Biotie become a minority shareholder. In 2011, Biotie acquired a pharmaceutical company, Synosia.[3]

The company has partnering agreements with H. Lundbeck A/S and UCB.[4][5]

In January 2016, Acorda Therapeutics acquired Biotie Therapies for $363 million.[6]

Product pipeline

References

Related Articles

Wikiwand AI