Richter and Forest Laboratories extend cooperation
Under the second agreement, Forest will pay Richter undisclosed upfront and milestone payments in addition to royalties and will have exclusive rights in North America while Richter will retain exclusive rights in Europe and countries of the former Soviet Union. The two companies will share rights in all other territories. The two new agreements build upon the ongoing and successful collaboration between the two companies announced last year for the novel antipsychotic, Richter said.
The announcement noted that the neuropathic pain market in the United States is estimated to exceed $2 bln annually.
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