Amerigen generics deal with Shanghai Fosun Omni
New Jersey, USA-based Amerigen Pharmaceuticals has entered into a collaboration agreement with China’s Shanghai Fosun Omni Pharmaceutical regarding the development of generic, oral controlled-release products.
Under the terms of the deal, Fosun Omni will use its formulation expertise to develop products for Amerigen to commercialize in the USA and other territories. On signing the accord, Fosun Omni received an up-front fee with respect to the first product and is eligible for additional product-specific development milestones and royalties on any commercialized products. Further financial terms were not disclosed.
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