Endo Pharmaceuticals to Pay $180M in a Licensing and Development Agreement for BioDelivery Sciences International Pain Treatment

Endo Pharmaceuticals will pay up to $180 million, plus royalties, to BioDelivery Sciences International in a licensing and development agreement to manufacture, distribute, market and sell BEMA Buprenorphine on a global scale, according to a MarketWatch report.

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The drug is currently in phase 3 trials and treats moderate to severe chronic pain by applying a small piece of polymer film to the inner lining of the cheek. The film eventually dissolves.

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