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Glenmark Pharmaceuticals Out-licenses Specialty Pharma Product To Medicis Pharmaceutical
11/15/2009 11:36 PM ET
(RTTNews) - Glenmark Pharmaceuticals said that it out-licensed a specialty pharmaceutical product to Medicis Pharmaceutical to co-develop and commercialize the product in North America region .
The company will receive upfront payment of $5 million for the same. The company is also eligible to receive additional payments upon achieving certain development milestones and royalty upon commercialization of the product. The product is indicated for the treatment of 'acne vulgaris'.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
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