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Aeterna Zentaris Enters into Licensing and Assignment Agreement with Strongbridge for Macrilen™ (macimorelin) in the U.S. and Canada

AETERNA ZENTARIS (AEZS)  More Company Research Source: GlobeNewswire
Last aeterna zentaris earnings: 5/7 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: zentaris.com
PDF CHARLESTON, S.C., Jan. 17, 2018 (GLOBE NEWSWIRE) -- Aeterna Zentaris Inc. (NASDAQ:AEZS) (TSX:AEZS) announced today that it has, through a wholly-owned subsidiary, entered into a license and assignment agreement with a wholly-owned subsidiary of Strongbridge Biopharma plc (NASDAQ:SBBP) to carry out development, manufacturing, registration and commercialization of Macrilen™ (macimorelin) in the United States and Canada. “We are very excited to partner with Strongbridge on the commercialization of Macrilen™ (macimorelin) in the U.S. and Canada,” said Michael Ward, Chief Executive Officer of Aeterna Zentaris. “We look forward to exploring the various alternatives to monetizing our rights to Macimorelin outside the United States and Canada.” Aeterna Zentaris will receive an upfront cash payment of US$24,000,000 from Strongbridge, and, for as long as Macrilen™ (macimorelin) is patent-protected, Aeterna Zentaris will be entitled to a 15% royalty on net sales up to US$75,000,000 and an 18 [Read more]

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