Jul 27 2011
Columbia Laboratories, Inc. (Nasdaq: CBRX) has entered into a license agreement with Invaron Pharmaceuticals Inc. ("Invaron"), a privately-held Canadian pharmaceutical company, for STRIANT® (testosterone buccal system) in Canada.
Under the terms of the agreement, Invaron will seek regulatory approval for and will market STRIANT in Canada. Columbia will receive a royalty on annual net sales of STRIANT in Canada, assuming Invaron receives Health Canada regulatory approval. Revenues to Columbia are not expected to be material.
Source:
Columbia Laboratories, Inc.