Morphotek and Eurofarma ink deal for farletuzumab in Latin America

3 October 2016

Morphotek, a US subsidiary of Japan’s Eisai (TYO: 4523), has signed an exclusive licensing agreement with Brazil-based drugmaker Eurofarma Laboratórios to develop and commercialize its investigational cancer drug farletuzumab (MORAb-003) in Latin America.

In exchange, Morphotek will receive an undisclosed upfront payment, scheduled development and sales milestone payments, and other fees. Additionally, Morphotek will receive royalties from commercial sales of farletuzumab in Latin America.

Morphotek will supply Eurofarma with clinical and commercial materials at an agreed-upon transfer price; Eurofarma has the option to assume responsibility for filling and labeling farletuzumab vials. Morphotek retains all rights to develop and commercialize farletuzumab in regions outside of Latin America.

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