Meda expands fentanyl deal with BDSI
Swedish specialty pharmaceutical company Meda has expanded its deal to acquire worldwide rights to the drug Onsolis (fentanyl buccal soluble film, formerly BEMA Fentanyl), a treatment for breakthrough pain in opioid tolerant patients with cancer, from collaboration partner USA-based BioDelivery Sciences).
The transaction will give Meda exclusive rights to distribute Onsolis in all countries except Taiwan and South Korea for a one-time cash payment of $3.0 million. Meda will also provide a further $3.0 million advance on the anticipated aggregate $30.0 million milestone following US Food and Drug Administration approval for the drug, which is anticipated during the second quarter of this year.
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