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June 5, 2007

Eurand Receives $1M Milestone Payment in Tablet Formulation Collaboration with GSK

  • Eurand and GlaxoSmithKline reached a milestone in the development of an orally disintegrating tablet formulation of an undisclosed compound. GSK has started a registration bioequivalence study for the new formulation and will make a milestone payment of $1 million to Eurand in recognition of the initiation of this study.

    "We are delighted with how well this new formulation is progressing for GlaxoSmithKline," said Gearoid Faherty, CEO at Eurand. "Using our Microcaps  and AdvaTab technologies, we develop fast-dissolving dosage forms that make it easier for patients to take their medicine.  The new formulation for GlaxoSmithKline dissolves in the mouth in approximately 30 seconds without water and without leaving a bitter or sour taste."

    GSK intends to file for marketing authorization in the U.S. by the end of 2007.