Watson and Itero sign worldwide license deal on biologic development candidate for female infertility

16 July 2010

Watson Pharmaceuticals has entered an exclusive, worldwide licensing agreement with fellow USA-based Itero Biopharmaceuticals, a venture-backed specialty biopharmaceutical company, to develop and commercialize Itero's Recombinant Follicle Stimulating Hormone (rFSH). The product is currently in preclinical development as a biosimilar molecule for the treatment of female infertility.

Under the terms of the deal, Watson will pay Itero an undisclosed licensing fee and make additional payments based on the achievement of certain development and regulatory performance milestones. Upon successful commercialization, Watson will also pay Itero a percentage of net sales or net profits in various regions of the world, and will also assume responsibility for all future development, manufacturing, and commercial expenses related to Itero's rFSH product.

Looking to build pipeline of biosimilar products

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