Altamira Entered into an Exclusive License and Distribution Agreement with Nuance Pharma to Develop and Commercialize Bentrio Nasal Spray
Shots:
- Altamira to receive $1M up front & is eligible to receive ~$3M as development milestones & ~$19.5M as commercial milestones, following initial supply of Bentrio to Nuance along with royalties, following the start of local production of Bentrio by Nuance
- Nuance gets the right to develop & commercialize Bentrio nasal spray in Chinese Mainland, Hong Kong, Macau & South Korea & will be responsible for the local production of the product
- Bentrio (AM-301) is a drug-free nasal spray used for personal protection against airborne viruses & allergens. The therapy was effective in slowing the growth of the viral titer, following the treatment of 24 or 30 hrs. after infection
Ref: Altamira | Image: Altamira
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