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Acrux Signs Second Commercial Agreement with Organon
Wednesday March 7, 2007, 8:36 am
Original Announcement: Second commercial agreement with Organon
Acrux has entered into an agreement with Organon in relation to Acrux's technology for delivery of a non-hormone, proprietary Organon drug. Acrux will be responsible for developing formulations of the undisclosed compound and upon completion, Organon will undertake and fund all clinical trials, regulatory submissions, manufacturing and commercialization efforts. Acrux may receive payments totalling US$12m as development and regulatory milestones are achieved. Acrux will also earn royalties on worldwide sales of the product.
top biotech : great opportunity, page-2
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