Cytogen to reacquire Quadramet rights

Cytogen has signed an agreement with Berlex to reacquire marketing rights to its Quadramet pain therapy radiopharmaceutical agent. The Princeton, NJ-based vendor received the North American and South American marketing rights in exchange for an upfront fee and royalties based on future sales.

The transaction is expected to be completed within 90 days, and is subject to Cytogen obtaining any necessary financing. Schering, Berlex’s parent company, had received the marketing rights via a 1998 deal with Cytogen. Schering retains European marketing rights through its CIS Bio International unit.

By AuntMinnie.com staff writers
June 16, 2003

Related Reading

Cytogen, DraxImage terminate brachytherapy agreement, April 9, 2003

Berlex suspends NeoTect production and sales, March 28, 2003

Cytogen 2002 loss grows despite revenue gains, February 26, 2003

Cytogen, Draxis dispute heats up, January 28, 2003

Berlex gets OK for Ultravist bulk pack, December 10, 2002

Copyright © 2003 AuntMinnie.com

Page 1 of 598
Next Page