Menarini Asia-Pacific Enters into an Exclusive Licensing Agreement with Astellas to Commercialize Smyraf® in Taiwan and select South-East Asian markets
Smyraf® has been approved in Taiwan and has patent protection for composition of matter until 2032.
- Smyraf® has been approved in Taiwan and has patent protection for composition of matter until 2032.
- Subject to the terms of the agreement, Astellas will receive total payments of up to €5.5 million including upfront and milestone payments.
- In addition, Menarini will pay Astellas a high-single digit percentage royalties on net sales of Smyraf®.
- Menarini will have an option to extend the rights to select South-East Asian markets.