Californian biotech DURECT and the UK’s Indivior have agreed a licensing deal related to RBP-7000, an investigational once-monthly injectable risperidone product.
At the same time, the British firm announced it has filed for regulatory approval in the USA for the drug, as a schizophrenia treatment.
Indivior has paid out $12.5 million, and is subject to pay quarterly earn-out payments that are based on a single digit percentage of US net sales for certain products covered by the patent rights, including RBP-7000.
The patent rights include granted patents extending through at least 2026.
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