Ferring enters into exclusive development and option accord
Privately-held Swiss firm Ferring Pharmaceuticals and Foresee Pharmaceuticals (TWO: 6576) have entered into an exclusive worldwide development and option agreement.
Ferring says the aim is to leverage the Taiwan-based firm’s proprietary and unique stabilized injectable formulation platform (SIF) for the development of long duration, controlled release formulations of a peptide therapeutic.
Under the terms of the agreement, Ferring will fund the development work and, on completion, will have the right to exercise its option and enter into a definitive agreement with Foresee. Execution of a definitive agreement would entitle Foresee to additional payments including upfront, milestones and royalties based on net sales of the product(s) commercialized by Ferring.
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