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Pfizer terminates license to three products with Acura Pharmaceuticals
07-31-2012
by Jeffrey Bouley  |  Email the author

SHARING OPTIONS:

PALATINE, Ill.—Acura Pharmaceuticals Inc., a specialty pharmaceutical company developing products intended to address medication abuse and misuse, announced July 30 that Pfizer Inc. had a few days earlier provided notice that it is exercising its right to terminate the license to three development-stage products.  
 
The three products all used Acura's AVERSION Technology, and they will return to Acura, said termination becoming effective in 12 months under the terms of Acura’s license agreement with a subsidiary of Pfizer.  
 
The products being returned are oxycodone hydrochloride with acetaminophen, hydrocodone bitartrate with acetaminophen and an undisclosed opioid. The hydrocodone product is the most advanced in development, with a clinical study completed in February 2012 that reportedly demonstrated bioequivalence to its reference-listed drug. This product also was the subject of a pre-IND meeting held with the U.S. Food and Drug Administration (FDA) in May 2012 in which the FDA agreed to a development program for this product generally consistent with that used for another drug using the AVERSION technology, known as OXECTA (oxycodone hydrochloride) Tablets CII.  
 
"We are pleased to regain control of these tamper-resistant opioid products because we continue to believe they hold promise in combating widespread prescription opioid abuse," said Bob Jones, president and CEO of Acura Pharmaceuticals. "We will evaluate our strategy for these products over the coming months, including possible partnering with alternative strategic partners, and will work with Pfizer to exercise our rights under the Pfizer agreement for the transition of these products back to us."  
 
As for OXECTA, that drug is being commercialized by Pfizer and Pfizer will retain all rights and obligations to OXECTA under the license agreement.  
 
 
Code: E07301201

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