Tonix Pharmaceuticals to Acquire Zembrace SymTouch and Tosymra from Upsher-Smith Laboratories for Acute Migraine
Shots:
- Upsher-Smith to receive $12M up front & an additional $3M in Mar 2024, or earlier at the conclusion of the transition services period, and $10M to acquire product-related inventories. The transaction is expected to close on June 30, 2023
- Zembrace SymTouch & Tosymra are indicated for acute migraine with/out aura in adults & currently have patent protection to 2036 & 2031, respectively. Zembrace SymTouch showed migraine pain freedom for 46% vs 27% of patients at 2hrs. in a single-attack, double-blind study
- For ~9mos., Upsher-Smith will assist Tonix with transitioning the products by offering a few commercial operations, regulatory & other services. The acquisition also strengthens Tonix’s commercial capabilities & infrastructure for a potential launch of TNX-102 SL for fibromyalgia
Ref: Globenewswire | Image: Tonix
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