|Watson licenses Antares' gel for overactive bladders in US and Canada|
|By Olivia D'Orazio - ProactiveInvestors.com|
|Monday, 11 July 2011 22:21|
Watson, which focuses on urology and women's health, will make milestone payments to Antares based on certain sales targets.
Focused on self-injection and topical gel-based medicines, Antares is also set to receive escalating royalties based on product sales in the US and Canada once the gel, which is marketed as Anturol, is launched.
Additional details of the agreement have not been disclosed.
"We are confident Watson will successfully market the positive attributes of this next generation OAB gel product to physicians and patients," said Antares president and CEO, Paul K. Wotton.
Anturol is a clear, odorless topical gel that, in phase three clinical trials, was shown to significantly reduce the number of OAB symptoms in patients. A new drug application for the product is currently under review by the FDA.
"The addition of Antares' oxybutynin gel product will strategically enhance our overactive bladder product portfolio," said Watson vice president of Global Brands, Fred Wilkinson.
"Additionally, this product will expand our product offering to the Urology and OB/GYN audiences."
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