SK Biopharm's new epilepsy drug licensed in Europe
By An, Kyung-Jin | translator Choi HeeYoung
21.03.31 08:28:41
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Cenobamate, European Commission final approval, released as ONTOZRY in the third quarter
Licensed by Angelini Pharma, $110 million milestone
Received $13.22 million from the sale of Arvelle shares
#SK Biopharmaceuticals announced on the 31st that Cenobamate, a new epilepsy drug, has obtained sales permission from the EC on the 30th (local time).
It has been about two months since it received a recommendation for marketing approval from CHMP under the European Medicines Agency (EMA) last month. Through this sales permit, SK Biopharm has secured a total of 1232.2 million dollars (about 140 billion won) worth of technology fees from partners. In addition to the $110 million milestone for European permits received from Angelini Pharma, which is responsible for local sales in Europe, the company will receive an additional $13.22 million milestone for each phase from the sale of its first contract partner
An, Kyung-Jin(kjan@dailypharm.com)
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