QRxPharma Announces Strategic Partnership with Actavis
QRxPharma announced execution of a binding Letter of Intent with Actavis for the formation of a strategic partnership to commercialise MoxDuo IR in the U.S..
QRxPharma Limited announced execution of a binding Letter of Intent (LOI) with Actavis Inc. for the formation of a strategic partnership to commercialise MoxDuo IR in the U.S. acute pain marketplace.
MoxDuo IR is a patented 3:2 ratio fixed dose combination of morphine and oxycodone. The launch of MoxDuo IR in the U.S. is projected to occur in 3Q CY2012, and pre-launch preparations will begin immediately.
Under the terms of the LOI, QRxPharma retains ownership of manufacturing and the New Drug Application (NDA), as well as out-licensing, marketing and sales opportunities in the rest of the world. Marketing approvals and regulatory clearances for sales in Europe, Australia, Canada and elsewhere will be coordinated to follow
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