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To develop and commercialize neurotoxin products
September 26, 2013
By: Tim Wright
Allergan, Inc. and Medytox, Inc. have entered into a license agreement under which Allergan gains exclusive worldwide rights, outside of Korea, to develop and commercialize certain neurotoxin product candidates currently in development, including a potential liquid-injectable product. Allergan will pay $65 million upfront and make additional payments of as much as $116.5 million based on certain development milestones, and as much as $180.5 million for certain commercialization milestones, and royalties on sales.
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