Grunenthal partners on program for neosaxitoxin development
German family-owned drugmaker Grunenthal has entered into a collaboration with Chilean company Proteus SA and the USA-based Boston Children’s Hospital for neosaxitoxin, a novel anesthetic for local anesthesia and post-operative pain management.
Following the respective agreement, both Proteus and Boston Children’s Hospital will remain as key members of the collaboration steering committee. The deal includes up to $85 million in upfront and development milestones plus undisclosed sales milestones and royalties.
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