Nicox signs license agreement with Fera Pharmaceuticals.
M2 EQUITYBITES-November 11, 2015-Nicox signs license agreement with Fera Pharmaceuticals
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Nicox, a France-based pharmaceutical company, has signed a license agreement with Fera Pharmaceuticals.
It was reported yesterday that the contract has been signed to develop and commercialise the company's naproxcinod, a cyclooxygenase-inhibiting nitric oxide-donating anti-inflammatory candidate, in the US.
Fera Pharmaceuticals will initially concentrate on the signs and symptoms of osteoarthritis. Nicox already completed a clinical program for naproxcinod in osteoarthritis, including three phase 3 trials with more than 2,700 patients. The company aims to seek advice from the United States Food and Drug Administration with regard to the further clinical work needed before submitting a new drug application for naproxcinod. The transaction needs Fera to pay around USD35m in sales-based milestones to Nicox. It also includes 7% royalties depending on net sales of naproxcinod in the US.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 11, 2015|
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