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CollaGenex Pharmaceuticals agrees to sell U.K. and European dental assets

Published in Drug Week, November 26th, 2004

CollaGenex International, Ltd., the wholly owned U.K. subsidiary of CollaGenex Pharmaceuticals, Inc., (CGPI), has agreed to sell the rights to its U.K. and European dental assets to Alliance Pharma, plc, a U.K. specialty-pharmaceutical company, for $3.3 million.

These assets primarily consist of the use of trademarks, U.K. and European governmental marketing authorizations, distribution agreements, and other intangible assets relating to the sale of Periostat in the U.K. and Europe. Sales of Periostat in the U.K. and Europe were approximately $560,000 for the year ended December 31, 2003. The sale of its U.K. and European dental assets reflects a strategic decision by...

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