PharmaMar (MSE: PHM) today announced that it has received a payment of $10 million from Janssen Products LP (Janssen) upon reaching a commercial milestone established in the licensing agreement for Yondelis (trabectedin) in the United States.

In August 2019, PharmaMar signed a new licensing agreement with Janssen that replaced the 2001 one under which Janssen reserved the right to exclusively sell and distribute Yondelis in the United States. Currently, Yondelis is approved in more than 70 countries for the treatment of soft tissue sarcoma and also in some of these countries for ovarian cancer.

Contact:

Tel: +34 91 846 6000

Email: pharmamar@pharmamar.com

Tel: +34 681 263 592

Email: aeincoming@pharmamar.com

(C) 2023 Electronic News Publishing, source ENP Newswire