Brickell Biotech in deal with Kaken Pharma for BBI-4000
US clinical-stage firm Brickell Biotech has signed an exclusive license and development agreement for BBI-4000 with Japanese drugmaker Kaken Pharmaceutical (TYO: 4521).
Under the terms of the accord, Kaken will have exclusive rights to develop and commercialize BBI-4000 in Japan, the second largest dermatology market in the world, and certain other Asian countries. Brickell will receive an upfront payment from Kaken as well as milestone payments based on the achievement of certain objectives. Tiered royalties that will be adjusted based on sales are expected to be paid to Brickell following the launch of BBI-4000 in those markets. Kaken will also assume responsibility for certain global R&D activities. Financial terms of the deal were not disclosed.
BBI-4000 currently in Phase IIb trial
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