Canada-based Valeant Pharmaceuticals today entered into a licensing agreement with Norgine for the drug NER1006.
Norgine is a European pharmaceutical company focused on creating treatments in the areas of gastroenterology, hepatology and critical care.
NER1006 is a polyethylene glycol-based bowel preparation intended to cleanse the colon before a colonoscopy.
Under the agreement, Valeant will obtain the rights to develop and commercialize the drug in the U.S. and Canada, while Norgine will serve as the company's manufacturer and supplier.
The companies anticipate U.S. regulatory filing for the drug by the end of 2016. Financial terms of the deal were not disclosed.
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