Allergan, Medytox enter licensing agreement

Friday, September 27, 2013

Allergan, a multi-specialty healthcare company, and Medytox, a research-based biopharmaceutical company, have entered into a license agreement. Allergan will pay Medytox an upfront payment of $65 million and Medytox will grant Allergan exclusive rights, worldwide outside of Korea, to develop and, if approved, commercialize neurotoxin product candidates currently in development, including a potential liquid-injectable product.

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