Amerigen & AustarPharma Sign Agreement for Generic Pharmaceuticals
AustarPharma will use its proprietary technologies to develop and manufacture products for Amerigen to commercialize in the United States and other territories.
Amerigen Pharmaceuticals Limited and AustarPharma, LLC announced yesterday that they had inked a broad-based collaboration agreement regarding the development of generic oral controlled release products.
Under the terms of the agreement, AustarPharma will use its proprietary technologies to develop and manufacture products for Amerigen to commercialize in the United States and other territories. AustarPharma received an up-front fee and is eligible for additional product specific development milestones, plus manufacturing revenues and royalties on any commercialized products.
"This collaboration allows Amerigen to augment its internal product development activities and accelerate th
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