Grünenthal and NovaQuest enter agreement to advance the resiniferatoxin global Phase III program in osteoarthritis
AACHEN, Germany and RALEIGH, N.C., March 29, 2022 /PRNewswire/ --Grnenthal and NovaQuest announced today that they have entered into an agreement to advance the global clinical Phase III programme of Grnenthal's asset resiniferatoxin (RTX).
- AACHEN, Germany and RALEIGH, N.C., March 29, 2022 /PRNewswire/ --Grnenthal and NovaQuest announced today that they have entered into an agreement to advance the global clinical Phase III programme of Grnenthal's asset resiniferatoxin (RTX).
- The Phase III trials will investigate the efficacy, safety and tolerability of RTX in patients with pain associated with osteoarthritis of the knee.
- This agreement provides Grnenthal headroom for further investments in the execution of its growth strategy and the advancement of a promising pipeline into the clinic."
- Under the terms of the agreement, NovaQuest will reimburse Grnenthal's investments into the clinical phase III programme of RTX and share the clinical development and approval risks with Grnenthal.