UroGen Pharma licenses rights to RTGel for use with neurotoxins to Allergan
Privately-held Israeli biotech firm UroGen Pharma has completed an agreement to license worldwide rights to its RTGel delivery system technology for use with neurotoxins to Allergan (NYSE: AGN).
RTGel has thermo-sensitive properties that enable it to convert from a liquid state when cold, into a gel once it reaches body temperature. This allows increased residence time of drugs when mixed with the gel and instilled in the bladder.
Upfront payment of $17.5 million
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