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Licensing Agreements

XTL Biopharmaceuticals announces in-licensing of bicifadine for treating neuropathic pain

Published in Lab Law Weekly, February 16th, 2007

XTL Biopharmaceuticals Ltd. (XTL) announced that, through a wholly owned subsidiary, it has signed an agreement with DOV Pharmaceutical, Inc. (DOVP) to in-license the worldwide rights for bicifadine, a serotonin and norepinephrine reuptake inhibitor (SNRI).

XTL intends to develop Bicifadine for the treatment of neuropathic pain, a chronic condition resulting from damage to peripheral nerves. With 15 million people suffering from neuropathic pain in the United States alone, and limited treatment options available, neuropathic pain represents a significant unmet medical need. According to Datamonitor, the market for neuropathic pain drugs is expected to grow from $1.8...

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