Newly-formed company in-licenses LEO Pharma antibiotics
Denmark's LEO Pharma has done a deal to give UTILITY therapeutics an exclusive license for the antibiotics mecillinam and pivmecillinam.
UTILITY has been created to take on the rights to these drugs, and for the purpose of gaining regulatory approval for them in the USA.
The financial terms of the licence agreement are not being disclosed. UTILITY intends to apply to the US Food and Drug Administration for designation of both mecillinam and pivmecillinam as Qualified Infectious Disease Products for the indication of complicated urinary tract infections.
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