Pear Therapeutics Announces Agreement with SoftBank Corp. to Develop a Digital Therapeutic for Sleep/Wake Disorders for the Japanese Market
Pear Therapeutics, Inc. (Nasdaq: PEAR), the leader in developing and commercializing software-based medicines called prescription digital therapeutics (PDTs), today announced an agreement with SoftBank Corp. (SoftBank) to develop a Japanese-language digital therapeutic for the treatment of sleep/wake disorders for the Japanese market.
- Pear Therapeutics, Inc. (Nasdaq: PEAR), the leader in developing and commercializing software-based medicines called prescription digital therapeutics (PDTs), today announced an agreement with SoftBank Corp. (SoftBank) to develop a Japanese-language digital therapeutic for the treatment of sleep/wake disorders for the Japanese market.
- In the United States, Pear is marketing Somryst, the only FDA-authorized prescription digital therapeutic for the treatment of chronic insomnia.
- Pursuant to the agreement, Pear will develop digital therapeutic applications for the treatment of sleep/wake disorders for the Japanese market and SoftBank will investigate the Japanese market potential for those applications, and SoftBank has an option to negotiate an exclusive license for Pears digital therapeutics for sleep/wake disorders in Japan.
- The Japanese market has a large unmet need in treating people with sleep disorders, said Corey McCann, M.D., Ph.D., President and CEO of Pear.