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NovaBay and Pioneer Expand China Partnership to Southeast Asia

publication date: Sep 19, 2012
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NovaBay Pharma has expanded its partnership with Pioneer Pharma to distribute NovaBay’s NeutroPhase skin and wound cleanser in selected Southeast Asian countries over a five-year period. The agreement calls for Pioneer to make an upfront payment of $500,000 and $200,000 in milestones. In addition, Pioneer will make an equity investment in NovaBay that could reach $5.5 million.In January, Pioneer in-licensed exclusive rights to the cleanser for mainland China. More details....

Stock Symbol: (NYSE: NBY)

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