Re: Farmas USA
Otra en verde en pre, +7,28%m AEZS, por esta new....
Company to Receive $3.3 Million One-Time Payment
All amounts are in US dollars (unless otherwise mentioned)
QUÉBEC CITY, Oct. 1, 2013 /PRNewswire/ - Aeterna Zentaris Inc. (AEZS) (AEZ.TO) (the "Company") today announced the successful completion of its previously announced agreements with various partners and licensees with respect to the manufacturing rights and obligations for its Cetrotide® product. The principal outcome of such agreements is the transfer of manufacturing rights and the grant of a manufacturing license for Cetrotide® to a subsidiary of Merck KGaA of Darmstadt, Germany ("Merck Serono"), in all jurisdictions. Under the terms of these agreements, Aeterna Zentaris will receive a one-time payment of €2.5 million, or approximately $3.3 million. Cetrotide® (cetrorelix acetate for injection) is used to regulate hormone responses in women undergoing infertility treatment. Merck Serono currently markets Cetrotide® worldwide.
The Company had previously monetized the royalty stream related to Cetrotide® in November 2008 in a transaction with HealthCare Royalty Partners L.P. (formerly Cowen Healthcare Royalty Partners L.P.). With the transfer of manufacturing rights to Merck Serono now completed, Aeterna Zentaris remains focused on the development programs with zoptarelin doxorubicin (AEZS-108) including its Phase 3 ZoptEC (Zoptarelin doxorubicin in Endometrial Cancer) trial and the Phase 2 trials in breast, prostate and bladder cancer, its upcoming NDA filing for macimorelin acetate (AEZS-130) as an oral diagnostic for growth hormone deficiency in adults, as well as on the initiation of a Phase 1 clinical trial with AEZS-120, a novel oral prostate cancer vaccine.
The use of the name "Merck" and "Merck Serono" in this press release refers to Merck KGaA of Darmstadt, Germany. In North America, Merck KGaA operates under the umbrella brand EMD