Vectura Signs Collaboration Agreement for Combination Therapy VR315
Vectura Group has inked a new US partnership deal for its generic lung drug VR315.
UK drug company Vectura Group plc announced yesterday it has signed a US collaboration, development and license agreement with an undisclosed leading international pharmaceutical company for Vectura's VR315, a combination therapy for asthma/COPD delivered using Vectura’s proprietary technology.
Vectura's partner will be responsible for the commercialisation and manufacture of the product together with clinical development.
Vectura will provide support for the US development of VR315, for which it will receive an initial payment of $10 million and up to $35 million upon achievement of pre-determined development milestones. In addition, Vectura will receive a royalty from all VR315 US sales.
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