E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/23/2006 in the Prospect News Biotech Daily.

Sepracor licenses antihistamine patents to UCB

By Lisa Kerner

Erie, Pa., Feb. 23 - UCB SA and Sepracor, Inc. announced a licensing agreement relating to the antihistamine levocetirizine.

Sepracor has exclusively licensed to UCB all of Sepracor's patents and patent applications in the United States regarding levocetirizine.

UCB will pay royalties to Sepracor on U.S. sales of levocetirizine products, according to a company news release.

Under a separate agreement, Sepracor currently earns royalties from UCB on sales of levocetirizine in European countries where the product is sold.

Levocetirizine is marketed by UCB under the brand names Xyzal and Xusal in the European Union for treatment of symptoms of seasonal and perennial allergic rhinitis and hives in adults and children aged six years and older.

"Sepracor is pleased to extend its licensing arrangement for levocetirizine to the United States," Sepracor chairman and chief executive officer Timothy J. Barberich said in the release.

"UCB has built a successful antihistamine franchise worldwide and we are optimistic about the opportunity UCB has to expand it with the introduction of levocetirizine in the United States."

Belgium-based UCB is focused on pharmaceuticals and biotechnology products for central nervous system disorders, allergy/respiratory diseases, immune and inflammatory disorders and oncology.

Sepracor is a research-based pharmaceutical company with a focus on respiratory and central nervous system disorders. The company is located in Marlborough, Mass.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.