GEN Exclusives

More »

GEN News Highlights

More »
Jun 22, 2009

Astellas to Commercialize NeurogesX’ Qutenza in Europe

  • NeurogesX and Astellas Pharma Europe inked an exclusive distribution, marketing, and license agreement for the commercialization of Qutenza™ in the European Economic Area (EEA) including the 27 countries of the European Union, Iceland, Norway, and Liechtenstein as well as Switzerland, certain countries in Eastern Europe, the Middle East and Africa.

    Astellas will commercialize Qutenza in the above-mentioned territories and perform certain development of Qutenza including post-marketing commitments, to support Qutenza in the EU market. NeurogesX will receive €30 million (approximately $42 million) for Qutenza commercialization rights, and €5 million (approximately $7 million) for a license option of NGX-1998, the next-generation liquid formulation which uses the same active ingredient as Qutenza.

    NeurogesX is eligible for additional sales-based milestone payments and additional option payments related to the liquid formulation totaling approximately €70 million ($97 million) and royalties based on a double-digit percentage of net sales for Qutenza.

    The agreement closely follows the European Commission's approval received in May 2009, of Qutenza (capsaicin 179 mg) cutaneous patch for the treatment of peripheral neuropathic pain in non-diabetic adults, either alone or in combination with other medicinal pain products.

     


    ♦♦♦
    Related News

    Astellas Pays Maxygen $10M Upfront for License to Preclinical Candidates for Autoimmune Disease (Sep. 19, 2008)
    Astellas to Pay CoMentis $80M Plus Take a $20M Equity Stake for Its CNS Disease Compounds (Apr. 25, 2008)
    Astellas Licenses Regeneron’s mAb Technology in a Deal Potentially Worth $120M (Mar. 30, 2007)
    Kirin and Astellas Partner to Develop Immunosuppressive Mab (Jan. 24, 2007)



Related content

Jobs

GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
 Searching...
More »

GEN Poll

More » Poll Results »

Tackling Climate Change

Do you think most companies will respond positively to the People’s Climate March?