Nycomed licenses EffRx' effervescent alendronate in $59M deal
US drug delivery company EffRx has licensed its proprietary drug EX101 (effervescent alendronate), for the treatment of osteoporosis, to Swiss drugmaker Nycomed. EffRx will receive upfront and milestone payments up to $59.0 million, as well as double-digit royalties. Nycomed will also sponsor all studies required for marketing approval.
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