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Hospira and Durect Corp. have entered into a licensing agreement to develop and market Durect’s Posidur (SABER-bupivacaine), a long-acting version of the anesthetic bupivacaine, currently in Phase III trials.
June 8, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
Hospira and Durect Corp. have entered into a licensing agreement to develop and market Durect’s Posidur (SABER-bupivacaine), a long-acting version of the anesthetic bupivacaine, currently in Phase III trials. Hospira will co-develop the drug and will have exclusive marketing rights in the U.S. and Canada, if approved. Hospira will make an upfront payment of $27.5 million, with the potential for an additional $185 million in success-based development and commercialization milestones. Durect wi...
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