Salix Pharma expands rifaximin collaboration with Lupin

11 April 2011

USA-based Salix Pharmaceuticals (Nasdaq: SLXP) has acquired exclusive worldwide rights (except for India) to exploit Indian drugmaker Lupin’s (LOPN: BO) technology and technology jointly developed by the two companies for all rifaximin products for human use.

This agreement expands the collaboration that Salix and Lupin entered into as of September 30, 2009. The deal covers the development and commercialization of rifaximin products and provides for Lupin to supply Salix with rifaximin active pharmaceutical ingredient (API) and certain finished rifaximin products.

$10 million upfront payment

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