Daily Management Review

AstraZeneca & Ironwood In An Agreement On Zurampic Right


04/28/2016


The two pharmacists have arrived at an agreement whereby, they will support each other in developing gout treatment.



AstraZeneca has entered in a “licensing agreement” with the “Ironwood Pharmaceuticals” on the issue of “exclusive US rights to Zurampic”. The latter is used for treating “hyperuricemia” which results in “uncontrolled gout” problem.
 
The exclusive U.S. rights on Zurampic will be acquires by Ironwood for using the same in a “fixed-dose combination” which will involve “lesinurad and allopurinol”.
 
Moreover, AstraZeneca informed that it has plans of submitting the combination of the fixed dose to regulatory authorities for reviewing in the latter half of the year 2016, while Ironwood will make a payment to AstraZeneca for sales and other “milestone” related issues. The amount that will be paid by Ironwood to AstraZeneca is “$265m” in addition to “single-digit royalties on product sales”.
 
On the other hand, AstraZeneca will be manufacturing Zurampic and supply the same to Ironwood besides supporting some of Ironwood’s services. Furthermore, AstraZeneca will also be undertaking the “FDA post-approval commitment” on behalf of Ironwood.
 
 
References:
http://www.digitallook.com/







Science & Technology

NASA’s Mars Mission To Make Use Of Cold War-Era Atomic Rockets

Israel Completes Mars Habitat Simulation Experiment

Just $24 Earned By Hackers From The Huge Cryptojacking Campaign Conducted Last Week

New Molecule That Quickly Fights Cancer Cells Identified By Swedish Scientists

The U.K.’s Health Sector To Integrate Israeli ‘Digital Health’ Technology

Cryptocurrency Mining Malware Infects Government Websites In Multiple Countries All Across The World

New Research Into Space Settlement And Space Habitation Will Be Supported By Seed Grants Launched By UAE

NASA Confirms Mystery Satellite To Be Its IMAGE Satellite

Facebook To Put A Ban On Cryptocurrencies Ads

Study Show An Early Sign For Alzheimer's Is Sleep Disruption

World Politics

World & Politics

Australia To Welcome Britain On The Latter’s Interest In Joining TPP

South African President Zuma Finally Resigns, New President To Be Elected Soon

13 countries with the best healthcare system

France is coming closer to Iran

India-Russia Develops Supersonic Missile Which Could Raise Concerns In China

Yet another serious political risk for Europe: Italian elections coming soon

Seven Weeks Time Period , Says Theresa May, For Agreement On Brexit Transition Deal

Germany on the brink of political chaos