Canadian firm Cardiome Pharma (Nasdaq: CRME) on Monday said it has signed a deal with privately-held Eddingpharm to market its drug to treat heart conditions, in China, for an undisclosed sum.
The company in a statement said the payments to the China-based Eddingpharm will include milestone payments and minimum annual commercial commitments.
Xin Ni, Eddingpharrm's chief executive, said: "The addition of Aggrastat (tirofiban hydrochloride) to our hospital product line reaffirms our commitment to bringing high quality products to our customers, while at the same time, is a stepping stone to building a leading cardiovascular franchise that also includes Brinavess."
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