Health · Pharma & Biotech · 14 hrs ago

Takeda’s narcolepsy drug is set for Japanese insurance coverage

Takeda’s narcolepsy drug is set for Japanese insurance coverage

Takeda developed an oral drug for narcolepsy type 1, a condition that can cause severe sleepiness even when people need to stay awake.

More than 3 million people worldwide are estimated to have narcolepsy, and Japan has a high rate of the condition.

The drug, called oveporexton, is scheduled for Japanese insurance coverage on October 14.

It has also been approved in China and the United States, where launches are expected by the end of the year.

Takeda is set to launch it ahead of competing treatments being developed by other drug companies.

The company forecasts peak annual sales of $2 billion to $3 billion for the drug.

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