SykePharma licenses Somnus' sleep drug
UK drug-delivery specialist SkyePharma has entered an accord for the for worldwide development and commercialization Somnus Therapeutics' sleep-inducing drug, SKP-1041. The agent is a new controlled-release formulation of a non-benzodiazepine hypnotic agent which utilizes SkyePharma's Geoclock technology. As part of the agreement, the UK firm will formulate and manufacture the drug which will compete in the global hypnotics market, estimated to be worth $3.0 billion a year.
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