Evestra signs research accord with Gedeon Richter

9 January 2014

Privately-held US firm Evestra says it has signed a collaboration partnership agreement with Hungary’s largest drugmaker Hungarian company, Gedeon Richter (RICHT: HB).

Under the terms of the agreement, Evestra will perform certain R&D activities on contraceptive products in exchange or licensing the commercialization rights for certain territories outside the USA to Gedeon Richter.

The deal consists of undisclosed upfront payments for research and early development funding, as well as clinical development, regulatory and sales performance milestones, and royalty payments on net sales.

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