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Zyden enters royalty agreement with Changshu Wanxing Chemical
By Elaine Rigoli
Tampa, Fla., July 24 - Zyden Gentec Ltd. said Monday that it has successfully completed the technology transfer for the synthesis of iminostilbenes, an intermediate widely used in different antidepressants, to Changshu Wanxing Chemical Co., Ltd. of China.
Under the agreement, Changshu will pay Zyden a royalty of 2% on the gross sales of the product, which should total between $8 million to $10 million in annual sales.
Zyden said it has also successfully developed technology for the synthesis of the antiviral drug Tamiflu and is now looking for partners to market the drug internationally.
Zyden is a pharmaceutical company located in Rajasthan, India.
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