Novelion Therapeutics Subsidiary Enters Into Licensing Agreement for JUXTAPID® in Japan [Canadian Business Journal (Canada)]
NOVELION THERAPEUTICS INC COMMON SHARES (NVLN)
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Source: Canadian Business Journal
Novelion Therapeutics Subsidiary Enters Into Licensing Agreement for JUXTAPID® in Japan, The Canadian Business Journal makers VANCOUVER, British Columbia, Feb. 06, 2019 (GLOBE NEWSWIRE) — Novelion Therapeutics Inc. “The licensing agreement for JUXTAPID in Japan is a positive step forward as we work to improve our near-term liquidity, reduce our operating expenses, and focus our efforts and resources with the goal of completing a comprehensive capital restructuring and creating a sustainable, cash-generating business,” said Ben Harshbarger, interim chief executive officer. “We believe Japan is an important market for JUXTAPID with meaningful potential for growth. Recordati has proven commercial capabilities and we are confident in their ability to deliver JUXTAPID to HoFH patients in need.” Under the terms of the agreement, Aegerion will receive a $25 million upfront payment, and an additional $5 million upon transfer of the JUXTAPID marketing authorization in Japan to Recordati. C
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