Drug news

Orexo sells US rights to Abstral to Galena Biopharma

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Last updated:19th Mar 2013

Published:19th Mar 2013

Source: Pharmawand

Orexo AB has announced that it sold Abstral (fentanyl) Sublingual Tablets in the United States to Galena Biopharma, Inc. Under the terms of the agreement, Galena Biopharma will pay Orexo US$10 million upfront and an additional US$5 million within the first twelve months after signing, plus low double digit royalties and milestone payments based on pre-specified sales levels.

Abstral product launch targeted in the 4th Quarter of 2013.

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