SpePharm to file for up to 35M euros in damages from BioAlliance
Dutch drugmaker SpePharm Holding BV says it intends to file a claim for financial damages and losses of not less than 35.0 million euros ($46.6 million) against French firm BioAlliance Pharma SA.
Last month, less than nine months after the first launch of Loramyc (miconazole), BioAlliance's muco-adhesive buccal tablet for oropharyngeal candidiasis, the French company terminated a license agreement with SpeBio BV, a joint venture the two firms had set up in 2007 to sell the antifungal product in in Europe (Marketletter March 9).
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