Advising on a major divestment in the pharmaceutical industry

We advised on the divestment by Eisai of two central nervous system (CNS) products in France and Algeria

The Paris office of international law firm Simmons & Simmons LLP announces that it has advised Eisai S.A.S, the French subsidiary of Eisai Co., Ltd., on the transfer of its rights in France and Algeria in respect of Loxapac® (loxapine) and Parkinane LP® (trihexyphenidyl chloride) to CNX Therapeutics Limited, a speciality pharmaceutical company, for €56.5 million in cash. Loxapac® and Parkinane LP® are CNS products used to treat psychological disorders and Parkinson’s disease respectively.

The multidisciplinary Simmons team was led by Paris based corporate M&A partner Christian Taylor, and comprised:

  • Anna Velitchkova (Of Counsel), Alexandre Vernisse and Domitille Cabaud (associates) on the corporate M&A aspects

  • Anne-Catherine Perroy (Of Counsel), Pierre-Alexis Maingon and Albane Drissi (associates) on the regulatory aspects

  • Frédérique Potin (Of Counsel), Hélène Choquet and Guillaume Tran (associates) on the French IP aspects

  • Claire le Touzé (Of Counsel) and Solène Blandin (associate) on the employment law aspects