Cosmo Pharmaceuticals S.p.A. (SIX: COPN) today announced that it has signed a license agreement with a leading U.S. public pharmaceutical company granting it exclusive world-wide rights for the development and commercialization of Cosmo’s new chemical entity CB-03-01, an investigational anti-androgen drug targeted at certain topical skin applications.
The license agreement provides for the payment of $25 million up-front, regulatory and commercial milestones and royalties on sales averaging those of other commercial transactions.
Mauro Ajani, CEO of Cosmo Pharmaceuticals, commented: “I am very proud of this agreement because we have partnered with one of the world’s leading specialty pharmaceutical companies. This is a very important next step in pursuing approval for this product.”
The license agreement provides for the payment of $25 million up-front, regulatory and commercial milestones and royalties on sales averaging those of other commercial transactions.
Mauro Ajani, CEO of Cosmo Pharmaceuticals, commented: “I am very proud of this agreement because we have partnered with one of the world’s leading specialty pharmaceutical companies. This is a very important next step in pursuing approval for this product.”
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