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BioDelivery Sciences International has entered into an agreement with Endo Pharmaceuticals to terminate Endo’s licensing rights for pain drug Belbuca (buprenorphine) buccal film. As a result of the agreement, the world-wide rights to Belbuca will be transferred back to BioDelivery Sciences on undisclosed terms. Annual sales for the product are about $27 million.

Vanda Pharmaceuticals has entered into a license agreement with Apotex to resolve Vanda’s patent litigation against Apotex and its ANDA seeking approval for a generic version of Vanda’s Fanapt (iloperidone). Under the agreement, Vanda granted Apotex a non-exclusive license to manufacture and commercialize its generic Fanapt in the U.S. effective 11/2/2027. Apotex may enter the market earlier under certain limited circumstances.

JHL Biotech has signed a $257 million partnership agreement that gives Sanofi rights to market a JHL clinical-stage rituximab biosimilar, initially for China. Rituximab is used to treat autoimmune disorders, cancer and transplant rejection. JHL received approval to start a European Phase I trial for the rituximab biosimilar earlier this year.

A Chinese regulator has fined a local unit of Medtronic $17 million for price fixing related to the firm’s cardiovascular and diabetes medical device products. China’s National Development and Reform Commission said Medtronic had carried out monopolistic behavior with its distributors and local partners to fix prices and set lower limits on the resale price to hospitals.

 

 

 

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