Avecho has announced that it has signed an exclusive 10-year development and licensing agreement with Sandoz Group AG for the commercial rights to Avecho’s Phase III CBD capsule for insomnia in Australia.
Under the deal, Avecho will receive a US$3M upfront licensing fee for the exclusive commercial rights in Australia, development milestone payments totalling US$16M prior to commercialisation, and royalties on net sales once on market. Avecho retains the rights to commercialise the product in all other territories, with Sandoz granted a first right of refusal for these markets.
Wonder what what's her name thinks? Greedy Bitch!
Ann: Avecho & Sandoz Sign Deal to Develop CBD for Insomnia in AUS, page-79
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