logo
  

Endo Enters Agreement With Taiwan Liposome To Commercialize TLC599

Endo International plc (ENDP) said its unit Endo Ventures has executed an agreement with Taiwan Liposome to commercialize TLC599, an investigational product. TLC599 is an injectable compound in phase 3 development for the treatment of osteoarthritis knee pain. Taiwan Liposome will primarily be responsible for the development of the product and Endo Ventures will primarily be responsible for obtaining regulatory approval and commercialization of the product in the United States.

Upon receipt of regulatory approval, Endo will have exclusive rights to manufacture, market, sell and distribute the product in the United States. Taiwan Liposome will receive an upfront payment of $30 million and will be eligible to receive up to an additional $110 million based on the achievement of certain milestones.

Endo International noted that the upfront payment of $30 million will be expensed in the second quarter as acquired in-process research and development. This expense was not reflected in the company's second quarter financial guidance.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go. Lyft announced the expansion to its partnership with Indeed in Jobs Access program. The ride-hailing company will be providing transportation access for Indeed's Ready to Work program. Indeed's Ready to Work program is a series of free virtual and in-person events for job seekers in several cities across the U.S. from September 15 to October 8, 2022. Pool and Spa drain covers imported to the United States by various companies have been recalled due to violation of the Virginia Graeme Baker Pool and Spa Safety Act, the U.S. Consumer Product Safety Commission announced. The various recalls include pool and spa drain covers manufactured in China and sold exclusively at Amazon.com for different prices ranging from $10 to $12.
Follow RTT