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Biotech / Medical : Kos Pharmaceuticals, Inc (KOSP)

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From: nigel bates5/8/2006 3:30:32 AM
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Skyepharma, Kos agree marketing, distribution deal for Flutiform in US

LONDON (AFX) - Skyepharma PLC said it has entered into an agreement with Kos Pharmaceuticals Inc (NASDAQ: KOSP - news) for the marketing and distribution of its asthma and pulmonary disease treatment Flutiform in the United States.
Kos will have exclusive rights to market Flutiform in the US and a right of first negotiation in Canada.
SkyePharma (LSE: SKP.L - news) said it could receive up to 165 mln usd in milestone payments from the deal on achievement of all regulatory and revenue targets, of which 25 mln usd has been paid upfront.
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