EffRx licenses Merck & Co's osteo drug patents
Florida, USA-based drugmaker EffRx has entered into an exclusive worldwide license agreement with drug major Merck & Co for a number of the latter's patents related to effervescent bisphosphonate technology.
Commenting on the size of the market potential, EffRx noted that bisphosphonates are the leading treatment for osteoporosis, the most prevalent bone disease in the USA, affecting more than 10 million Americans over the age of 50 while another 34 million have low bone mass. Financial details of the agreement were not disclosed.
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