Auxilium & Actelion Enter Agreement for Xiaflex
Actelion will pay Auxilium $10 million upfront and will also make up to $16 million in potential regulatory, pricing, and reimbursement milestone payments and $42.5 million in potential sales milestone payments.
Auxilium Pharmaceuticals, Inc. and Actelion Pharmaceuticals Ltd. have formed a long-term partnership for the development, supply and commercialization of XIAFLEX? (collagenase clostridium histolyticum), a novel, first-in-class biologic for the potential treatment of Dupuytren's contracture and Peyronie's disease.
Actelion will receive exclusive rights to commercialize XIAFLEX for the treatment of Dupuytren's contracture and Peyronie's disease in Canada, Australia, Brazil and Mexico upon receipt of the respective regulatory approvals. Actelion will be primarily responsible for the applicable regulatory and commercialization activities for XIAFLEX in these countries.
Actelion will pay Auxilium $10 million upfront and will also make up to $16 million in potentia
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