Jazz Pharmaceuticals enters exclusive licensing deal with Saniona

Published 2 months ago Positive
Jazz Pharmaceuticals enters exclusive licensing deal with Saniona
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* Jazz Pharmaceuticals (NASDAQ:JAZZ [https://seekingalpha.com/symbol/JAZZ]) and Saniona on Wednesday announced [https://seekingalpha.com/pr/20206244-jazz-pharmaceuticals-enters-exclusive-licensing-agreement-with-saniona-to-develop-and] a global license agreement between the two companies.
* Under the deal, Jazz (NASDAQ:JAZZ [https://seekingalpha.com/symbol/JAZZ]) will obtain exclusive worldwide rights to develop and commercialize preclinical asset SAN2355 in epilepsy and other potential indications, the companies said.
* Jazz will lead and fund all further development, regulatory submissions, and global commercialization efforts.
* Saniona to receive $42.5 million upfront; potential for development, regulatory and sales milestone payments in addition to royalties on future net sales.

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