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30 Jan 2011

ALK and Torii enter into an license agreement

ALK-Abelló A/S and Torii Pharmaceutical Co., has announced that they have entered into an exclusive license agreement to develop and commercialize ALK’s house dust mite allergy immunotherapy products for asthma and allergic rhinitis in Japan, the world’s second largest market for allergy medicine after the USA.

Under the agreement, ALK will receive an upfront payment of EUR 30 million (approximately DKK 225 million) and up to EUR 30 million (approximately DKK 225 million) in development and market registration milestone payments. ALK will also receive royalty payments and sales milestones on the net sales of the products. Torii will be incurring all the costs of clinical development, registration, marketing and sale of the products, while ALK will be responsible for production and supply of the products.

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