ViroXis signs agreement with global pharmaceutical for marketing of OTC sandalwood oil-containing product

Published on February 26, 2014 at 8:14 AM · No Comments

ViroXis Corporation is pleased to report the execution of an exclusive license agreement with a global pharmaceutical company for the marketing of an over-the-counter (OTC) sandalwood oil-containing product. The long-term agreement includes a licensing fee, milestone payments and royalties based on product sales. The pharmaceutical partner is exclusively dedicated to dermatology and is a world leader in dermatology products with an extensive product portfolio available in 80 countries. The license agreement anticipates worldwide commercialization of the OTC product, with an initial product launch in the U.S. anticipated in early 2015.

ViroXis has completed an open label Phase 2 study to support the launch of its OTC product, and a publication describing the study is in preparation. A second OTC product is in development.

"ViroXis has quickly emerged as a leader in the development of botanical drug products," said Ian Clements, Chief Executive Officer of ViroXis Corporation. "The strong clinical and scientific focus of our botanical programs has created interest among strategic partners, as demonstrated by this global licensing deal we've signed for our first OTC product."



Posted in: Business / Finance | Pharmaceutical News

Tags: ,

Read in | English | Español | Français | Deutsch | Português | Italiano | 日本語 | 한국어 | 简体中文 | 繁體中文 | Nederlands | Русский | Svenska | Polski
The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News-Medical.Net.
Post a new comment
You might also like... ×
U-M researchers identify gene expression linked to gender differences in autoimmune diseases