TaiGen Biotech signs up deal for Taigexyn in Russia and other states
Taiwan-based drug developer TaiGen Biotechnology has signed an exclusive agreement with R-Pharm, a leading Russian pharmaceutical company with annual sales of $1.8 billion, to develop and commercialize nemonoxacin (trade name Taigexyn)in the Russian Federation, Turkey and other members of the Commonwealth Independent States (CIS).
Nemonoxacin is a novel antibiotic for the treatment of bacterial infections including those caused by drug-resistant bacteria. Under the terms of the deal, R-Pharm will be responsible for the development, registration and commercialization of nemonoxacin in these territories and assume all associated costs.
In exchange for the exclusive rights, TaiGen will receive an undisclosed upfront payment and is eligible for additional regulatory and commercial milestones as well as royalties on product sales in the future. TaiGen acquired worldwide rights to nemonoxacin from Warner Chilcott (now a subsidiary of Actavis) in 2011 (The Pharma Letter December 11, 2011).
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