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BRIEF-Crescita Therapeutics Signs Pliaglis Out-Licensing Agreement With Cantabria Labs For €2.5M Upfront After Reacquiring Rest-Of-World Rights

Published 2019-04-25, 09:23 a/m
BRIEF-Crescita Therapeutics Signs Pliaglis Out-Licensing Agreement With Cantabria Labs For €2.5M Upfront After Reacquiring Rest-Of-World Rights
CTX
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April 25 (Reuters) - Crescita Therapeutics Inc CTX.TO :

* CRESCITA THERAPEUTICS SIGNS PLIAGLIS® OUT-LICENSING AGREEMENT WITH CANTABRIA LABS FOR €2.5M UPFRONT AFTER REACQUIRING REST-OF-WORLD RIGHTS

* CRESCITA THERAPEUTICS INC - CANTABRIA LABS WILL PAY UPFRONT PAYMENT OF EUR 2.5 MILLION

* CRESCITA THERAPEUTICS - ENTERED COMMERCIALIZATION LICENSE AGREEMENT WITH CANTABRIA LABS TO SELL, DISTRIBUTE PLIAGLIS IN ITALY, PORTUGAL, FRANCE, SPAIN

* CRESCITA THERAPEUTICS - IN ADDITION, CO AND CANTABRIA LABS AGREED CANTABRIA LABS WILL TRANSFER MANUFACTURING OF PLIAGLIS TO ITS NEW CENTRE

* CRESCITA THERAPEUTICS INC - DURING A TRANSITION PERIOD, GALDERMA WILL CONTINUE TO DISTRIBUTE PLIAGLIS FOR ITALY AND BRAZIL

* CRESCITA THERAPEUTICS INC - GALDERMA WILL ALSO MANUFACTURE PRODUCT FOR ITALY, BRAZIL, CANADA AND MEXICO UNTIL OTHER MANUFACTURING IS ARRANGED

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