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Pain Management

$80 million agreement to bring pain control agent to European market signed

Published in Clinical Oncology Week, May 16th, 2005

SkyePharma PLC (SKYE) announced that it has entered into a strategic development and marketing arrangement with Mundipharma International Holdings Limited for the marketing and distribution of DepoBupivacaine in Europe and other international markets excluding the U.S., Canada and Japan.

Mundipharma is already SkyePharma's European marketing partner for the cancer treatment DepoCyte.

Under the agreement with Mundipharma, SkyePharma will receive $10 million on signature, most of which will be deferred and recognized to income to cover the cost of the phase 2 clinical trials. SkyePharma will also receive further contributions of up to US$20 million...

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