Novartis sells Enablex US rights for $400 mn

Novartis sells Enablex US rights for $400 mn
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First Published: Fri, Sep 24 2010. 10 51 AM IST
Updated: Fri, Sep 24 2010. 10 51 AM IST
Zurich: Novartis is selling the US rights to overactive bladder treatment Enablex to Irish-based pharmaceutical group Warner Chilcott for an upfront payment of $400 million, the Swiss drugmaker said on Friday.
The deal, which also has the potential for additional milestone payments of up to $20 million, is expected to close by the end of October.
Novartis will retain the rights to Enablex, or darifenacin, worldwide except in the United States.
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First Published: Fri, Sep 24 2010. 10 51 AM IST