Kyorin sub-licenses vibegron to Sumitomo Pharma

6 March 2023

Japanese drugmakers Kyorin Pharmaceutical (TYO: 4569) and Sumitomo Pharma (TYO: 4506) have entered into a license agreement for the development, manufacturing, and commercialization of vibegron, a therapeutic agent for overactive bladder (OAB), in Taiwan, Hong Kong, Singapore, Indonesia, and Vietnam.

Kyorin will grant Sumitomo Pharma the exclusive rights to develop, manufacture, and commercialize vibegron in these five countries and regions, where Sumitomo Pharma will develop, manufacture, and commercialize the compound.

In return Kyorin will get an undisclosed upfront payment and is eligible to receive development and sales milestones from Sumitomo Pharma. Following the launch, Kyorin is eligible to receive royalties based on net sales of the compound by Sumitomo Pharma.

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