Ligand Pharmaceuticals has signed a license agreement with Ethicor Pharma Ltd. for the manufacture and distribution of the oral formulation of lasofoxifene in Europe, Switzerland, and India. Ligand is eligible to receive sales milestones and royalties on sales.
Ethicor plans to supply oral lasofoxifene as an unlicensed medicinal product to meet the clinical needs of patients when authorized medicines are unsuitable or contraindicated.
“This agreement with Ethicor represents another potentially valuable shot-on-goal for Ligand, and our second license agreement for lasofoxifene this week,” said John Higgins, president and chief executive officer of Ligand. “Osteoporosis represents a large unmet medical need for women, and we are pleased that lasofoxifene could potentially provide women with an additional treatment option. We are pleased to be partnered with Ethicor on this important program, and we believe they are uniquely qualified to commercialize this product in this specialized market.”