FDA approval of Utibron/Seebri Neohalers triggers $22.5 million payment to Vectura by Novartis
The US Food and Drug Administration has approved the dual combination bronchodilator Utibron Neohaler (indicaterol/glycopyrrolate) and the standalone monotherapy Seebri Neohaler (glycopyrrolate) from Vectura (LSE: VEC) and Novartis (NOVN: VX).
The products have been approved for the long-term maintenance treatment of airflow obstruction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and/or emphysema. This approval triggers a $22.5 million milestone payment from Novartis to Vectura, a UK-based developer of inhaled therapies.
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