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Receives $35 mil. upfront for orphan treatments
March 28, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Edison Pharmaceuticals has entered into a research, development and commercialization agreement with Dainippon Sumitomo Pharma (DSP) for the development of EPI-743 and EPI-589 in Japan. Edison will receive $35 million upfront and $15 million in R&D support, and will be eligible to receive as much as $35 million in development milestones, and as much as $460 million in royalties on sales. DSP will gain development and commercialization rights in Japan. DSP will be responsible for developm...
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