Maruishi gets rights to antiemetic in all-Japanese deal
Maruishi Pharmaceutical is to pay fellow Japanese drugmaker Sumitomo Dainippon Pharma (TYO: 4506) for exclusive development, manufacture and marketing rights to an early-stage drug currently in non-clinical testing for nausea and vomiting, in Japan and the USA.
Sumitomo discovered the fatty acid amide hydrolase (FAAH) inhibitor, for which Maruishi will make undisclosed upfront and development milestone payments. Royalties and commercial milestone payments will also be due based on achievement of sales goals.
The hope of Sumitomo is that the inhibitor will be developed and marketed as an antiemetic, and the company has predicted that it could thereby make an important contribution in medicine.
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