Deals, Pharma

Camurus and Braeburn Pharmaceuticals enter exclusive license agreement

Posted on 24 November 2014

Tags: , ,

Camurus and Braeburn Pharmaceuticals have entered into an exclusive license agreement for Camurus’ weekly and monthly subcutaneous buprenorphine injection products (CAM2038) for the treatment of opioid addiction and pain.

Braeburn obtains exclusive rights in North America and option rights in Japan, Korea, Taiwan and China, while Camurus retains all rights in the rest of the world.

Under the agreement, Camurus receives an upfront license fee of $20 million, as well as $35 million and $21 million in development milestones for opioid dependence and pain, respectively.

Camurus is also eligible to mid-teen royalties on Braeburn product sales and can receive up to an additional $75 million in sales milestones.

For further deal information visit Current Agreements (subscription required)

Related

Report: Top 50 Big Pharma Partnering and M&A Deal Trends

Report: Top 50 Big Biotech Partnering and M&A Deal Trends

Browse: Complete Current Partnering report catalog

Print Friendly, PDF & Email

Leave a Reply