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Otsuka Pharmaceutical and Medimetriks Pharmaceuticals have entered into a licensing agreement granting Medimetriks exclusive development and commercialization rights for a topical non-steroidal phosphodiesterase IV inhibitor, OPA-15406, in the U.S. and Puerto Rico for treating atopic dermatitis. According to the companies, OPA-15046 demonstrated clinically significant results vs. placebo in a Phase 2 clinical trial and reduced inflammation in affected skin by inhibiting production of cytokines and chemical mediators that are believed to cause the signs and symptoms of atopic dermatitis.

 

Aralez Pharmaceuticals announced the completion of the business combination of Pozen Inc. and Tribute Pharmaceuticals Canada, which will operate under Aralez Pharmaceuticals, a global specialty pharmaceutical company with operations in Canada, Ireland and the U.S. According to Aralez, its global headquarters is in Ontario, Canada, the U.S headquarters is planned to be in Princeton, NJ and the Irish headquarters is in Dublin.

 

Edwards Lifesciences has entered into an accelerated share repurchase agreement with Morgan Stanley & Co. to repurchase $325 million of its common stock, as part of a previously authorized program to repurchase up to $750 million of the company’s common stock.

 

Nuvo Research Inc. has agreed with Horizon Pharma to extend the term of a manufacturing agreement for producing Pennsaid 2% for the U.S. market to 12/31/2029. The companies says the agreement also provides for tiered pricing based on volumes of product supplied.

 

Rubicon Genomics has signed an agreement with Beckman Coulter Life Sciences for distribution of its ThruPLEX Plasma-seq kits for research applications. The kits enable liquid biopsies for research applications in cancer and other conditions by producing highly reproducible libraries for Illumina instruments from small amounts of cell-free DNA in plasma (from less than 1 ng up to 30 ng of cell-free DNA), according to the companies.

 

Egalet Corp. has signed a collaboration agreement with Septodont, under which Septodont will promote Sprix (ketorolac tromethamine) Nasal Spray exclusively to dentists in the U.S. According to the companies, Egalet will receive an upfront licensing fee, earn sales-based milestones and share in profits from net sales.

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