BRIEF-Aeterna Zentaris, Orient Europharma sign license agreement for Zoptrex

Fri Jul 1, 2016 9:20am EDT
 
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July 1 (Reuters) - Aeterna Zentaris Inc

* Aeterna Zentaris and Orient Europharma Co Ltd sign exclusive license agreement for Zoptrex in Taiwan and Southeast Asia

* Co will be entitled to receive non-refundable upfront payment for license to Cyntec of co's intellectual property related to Zoptrex

* Company expects to complete Phase 3 clinical trial in Q3 of 2016 for Zoptrex

* Cyntec agreed to make additional payments to co upon achieving certain pre-established regulatory and commercial milestones

* Company will receive royalties on future net sales of Zoptrex in Taiwan, 9 countries in Southeast Asia Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)