Ipsen Licenses New Gout Drug to Menarini in €132M Deal
Ipsen SA has licensed rights to gout drug Adenuric - the first gout drug approved in four decades - in 41 countries to the Menarini Group in a deal that gives Ipsen €132 million (US$197 million).
Paris-based Ipsen will received €20 million up front, and retains co-marketing rights in France, where the companies will split market costs and profits, plus royalties in the low-teens on Menarini's net sales.
Outside of the US
In the U.S. and Canada: +1-800-336-4474
Outside the U.S.: +44-203-684-1796
Hours: Monday - Friday, 8:00am - 6:00 pm EST