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UroGen Pharma has licensed to Allergan the worldwide rights to UroGen’s RTGel delivery system technology for use with neurotoxins. RTGel has thermo-sensitive properties that enable it to convert from a liquid state when cold, into a gel once it reaches body temperature, which allows increased “residence time” for drugs mixed with the gel and instilled in the bladder.
Hanmi Pharmaceutical Co. has entered into an exclusive development and license agreement with Genentech to develop and commercialize Hanmi’s pan-RAF inhibitor, HM95573 which is currently in Phase 1 clinical development. Hanmi will receive an initial upfront payment of $80 million and is eligible to receive payments based on achievement of certain predetermined development, regulatory and commercialization milestones totaling up to $830 million.
Contract manufacturer Tecomet Inc. has acquired Mountainside Medical, a Boulder, CO maker of medical device components and surgical devices. Mountainside Medical makes instruments for minimally invasive surgeries as well as medical device components for clients, and it has a pipeline of new products in development.
TriFusion Devices, a 3D printing company that focuses on health care and sports equipment, has acquired Essentium Materials LLC, which focuses on fusing 3D printed parts to biomedical devices. Essentium’s technology will be used for prosthetic devices, sporting equipment and military devices.