Vectura gets VR315 US development milestone

7 November 2014

UK inhaled therapies developer Vectura Group (LSE: VEC) says that it has triggered a further milestone associated with the development of VR315 in the USA. The company’s shares edged up 1.2% to 123.93 pence in morning trading.

VR315 is a combination therapy for asthma/COPD delivered using Vectura’s proprietary technology. In August 2011, Vectura signed a licence agreement with the US division of a leading, unnamed, international pharmaceutical company for the development, manufacturing and commercialization of VR315 in the USA.

$45 million total milestone payments

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