MT Pharma America announced the change of its corporate name to Mitsubishi Tanabe Pharma America, Inc. (MTPA), effective immediately.

In 2009, MTPA's parent company, Mitsubishi Tanabe Pharma Corporation (MTPC) opened a new company with a focus on developing and commercializing novel compounds for the U.S. market. Based in Jersey City, N.J., MT Pharma America officially launched in February of 2016 with the goal of developing therapies for some of the most difficult-to-treat diseases. On May 5, 2017, the U.S. Food and Drug Administration approved RADICAVATM (edaravone), an intravenous infusion treatment indicated for all adult patients diagnosed with amyotrophic lateral sclerosis (ALS). RADICAVA will be commercialized in the U.S. by MTPA.

"As we prepare to launch our first commercial product in the U.S., now is the appropriate time to fully align our corporate name with our parent company, MTPC, the world's second oldest pharmaceutical company with more than 300 years of experience advancing innovative treatments," said Atsushi Fujimoto, President, Mitsubishi Tanabe Pharma America. "We are honored to be a part of this strong and impressive heritage as we commit ourselves to continued innovation in the U.S. to meet patients' unmet medical needs."

MTPA plans to pursue a robust pipeline of products with a priority focus on Central Nervous System (CNS) diseases, autoimmune diseases and diabetes.