Lilly sells Axid rights to Norgine in European markets
Eli Lilly is to sell Norgine Europe BV the sales and marketing rights toits antiulcerant Axid (nizatidine) in certain European markets, namely France, Belgium, Spain, Switzerland, the Netherlands and Luxembourg.
Lilly will receive an upfront fee and retain an option on any new formulations of Axid, a histamine H2 blocker, in other markets. "This agreement will enable Lilly to continue to realize the full potential of Axid while directing resources to support several new products the company expects to launch over the coming months and years," notes Lilly.
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