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OBI Pharma Signs Exclusive Agreement with MSD for Antibiotic Drug

publication date: Oct 6, 2015
OBI Pharma of Taiwan signed an agreement with MSD, known as Merck in the US, transferring exclusive rights to develop and commercialize an antibiotic drug Dificid® (fidaxomicin) in Taiwan to MSD. OBI Pharma will receive an initial up-front payment of $3.0 million plus royalties and milestone payments from MSD. MSD will be responsible for all future costs associated with commercialization, development, and manufacturing of Dificid in Taiwan. More details....

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