Jazz Pharma and Concert ink deal on deuterium-modified sodium oxybate

27 February 2013

US drugmakers Jazz Pharmaceuticals (Nasdaq: JAZZ) and Concert Pharmaceuticals have entered into an exclusive license agreement that provides Jazz worldwide rights to develop and commercialize Concert’s deuterium-modified sodium oxybate (D-SXB) compounds, including C-10323. Financial terms were not disclosed.

Sodium oxybate is the active ingredient in Xyrem, a prescription medicine marketed in the USA by Jazz s to treat two of the key symptoms of narcolepsy, a serious neurological disorder that affects around 157,000 people in the USA.

Under the accord, Jazz will have worldwide commercial rights to C-10323, as well as principal responsibility for ongoing development activities. Concert will receive an upfront payment and is eligible to receive additional milestone payments as well as tiered royalties based on potential worldwide sales of any D-SXB products.

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