Orion enters into exclusive agreement with Jemincare for novel non-opioid drug candidate for the treatment of pain
Orion will also receive ownership to certain key patent applications relating to the compound within its own territory.
- Orion will also receive ownership to certain key patent applications relating to the compound within its own territory.
- According to the agreement, Orion has the right to develop and commercialise the asset in its territory.
- In addition, Jemincare is eligible to receive tiered royalty of 8% to 15% on future sales in Orion territory.
- We are excited about this agreement and are looking forward to taking this compound to clinical studies later this year.