Acura Pharmaceuticals re-acquires rights to its AVERSION Technology from Pfizer.
M2 PHARMA-April 10, 2014-Acura Pharmaceuticals re-acquires rights to its AVERSION Technology from Pfizer
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Pharmaceutical company Acura Pharmaceuticals (NASDAQ:ACUR) disclosed on Thursday the termination of the license of its AVERSION Technology to Pfizer.
Following the immediate cancellation of the letter license agreement, Pfizer's returns its FDA approved Oxecta (oxycodone HCl) product to Acura Pharmaceuticals.
The AVERSION Technology reportedly utilises a proprietary mixture of inactive ingredients to discourage tampering of a product for abusive purposes.
Under the letter agreement, Acura will make a one-time payment of USD2.0m to Pfizer.
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|Date:||Apr 10, 2014|
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