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NeuroFront Acquires Non-Opioid Neuropathic Pain Killer for $130 Million

publication date: Jul 21, 2022

Hong Kong’s NeuroFront Therapeutics acquired greater China rights to a novel non-opioid neuropathic pain drug from Switzerland’s Novaremed in a $130 million agreement. NeuroFront, a company focusing on innovative CNS drugs, will initially develop NRD.E1 to treat diabetes-related neuropathic pain. It will pay $130 million in option and milestone payments for commercialization and manufacturing rights, plus royalties on sales. The company must exercise its license option no later than completion of the Phase IIb trial of NRD.E1 in PDPN, which will start patient enrollment in the next few weeks. More details....

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