PharmaMar inks deal worth up to $1 billion for lurbinectedin in the USA

20 December 2019

Just a couple of days after filing for approval of the drug as a treatment small cell lung cancer (SCLC) with the US Food and Drug Administration, Spain’s PharmaMar (MC: PHM) has signed an important licensing deal for Zepsyre (lurbinectedin).

PharmaMar has entered into an exclusive licensing agreement with Ireland-incorporated Jazz Pharmaceuticals (Nasdaq: JAZZ) for lurbinectedin in the USA, with the news pushing the Spanish firm’s share higher on Thursday and a further 3% to 2.99 euros this morning. Jazz’s stock gained nearly 2.6% to $152,27 by close of trading on Thursday.

Under the terms of this agreement, PharmaMar will receive an upfront of $200 million with potential regulatory milestone payments of up to $250 million on the achievement of accelerated and/or full regulatory approval of lurbinectedin by FDA within certain timelines.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK