Big pharma, Partnering, Pharma

Pharma partnering: Merck acquires rights for Cetrotide from Aeterna Zentaris

Posted on 19 April 2013

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Aeterna Zentaris has entered into binding pharma partnering agreements with various partners and licensees with respect to the manufacturing rights and obligations for its Cetrotide product.

The principal effect of such pharma partnering agreements is to transfer manufacturing rights and to grant a manufacturing license for Cetrotide to a subsidiary of Merck KGaA.

Subject to the satisfaction of customary closing conditions,  Aeterna Zentaris would receive a one-time payment of €2.5 million, or approximately $3.2 million and certain other payments.

In addition, the Company has also entered into a transitional services agreement with Merck KGaA under which the Company will, during a 36-month period, provide various transition services to assist Merck KGaA in assuming responsibility for the manufacturing of Cetrotide in consideration for the payment of a monthly fee to the Company throughout such period.

Cetrotide is used to regulate hormone responses in women undergoing infertility treatment.

Merck Serono, a leader in the field of fertility treatments, currently markets Cetrotide worldwide, excluding Japan.

For further deal information visit Current Agreements (subscription required)

 

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