AP Pharma gets $2.5M milestone from Paul Royalty Fund
US speciality drugmaker AP Pharma has received a payment of $2.5 million from an affiliate of the Paul Royalty Fund, representing a milestone that recently became payable under the terms of their October 2005 deal. AP had agreed to sell its royalty rights to Retin-A Micro (tretinoin gel microsphere 0.1%) and Carac (fluorouracil) to an affiliate of the Fund.
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