Palatin licenses more drugs to AstraZeneca under obesity drug accord
The USA's Palatin Technologies has agreed to license additional compounds and associated intellectual property to Anglo-Swedish drug major AstraZeneca, expanding a $300.0 million R&D accord signed last year centered on Palatin's small-molecule compounds that target melanocortin receptors (Marketletter February 5, 2007). The US firm will receive development and regulatory milestone payments if any additional compound advances into clinical trials and meets sales targets , as well as receiving royalties. Further financial details were not disclosed.
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