Endo licenses rights to Grunenthal's axomadol
The USA's Endo Pharmaceuticals has licensed the North American rights to the investigational painkiller axomadol from German drugmaker Grunenthal.
The agent is currently in Phase II development for the treatment of moderate-to-moderately severe chronic pain and diabetic peripheral neuropathic pain.
Under the terms of the deal, Endo will make an upfront cash payment as well as additional amounts to Grunenthal that are linked to the achievement of future clinical, regulatory and commercial milestones. In addition, Grunenthal will receive a transfer price including cost of goods and royalties on net sales of the product in the USA and Canada.
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