Wyeth licenses Mochida's portfolio of TRPV1 antagonists
US drug major Wyeth has licensed Japanese drugmaker Mochida Pharmaceutical's portfolio of transient receptor potential vanilloid sub type 1 (TRPV1) receptor antagonists which have potential as novel painkillers, reports Japan's Corporate News. Under the terms of the deal, Wyeth obtained an exclusive worldwide license for the commercialization and development of the agents in return for an upfront payment and potential development milestone, plus royalties on eventual sales. As part of the agreement, the originator retains an option to co-develop and co-market the agents in its domestic market.
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