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Mylan Gets Until April 2020 To Decide On Biosimilar Botox Collaboration With Revance

 
• By Akriti Seth

Revance has amended its agreement with Mylan to collaborate on a rival version of Botox to give Mylan more time to decide on whether it wants to continue developing the biosimilar. In turn, Mylan has agreed to pay $5m to Revance for the extended deadline.

2020
Revance extends Mylan’s deadline to April 2020 in exchange for $5m • Source: Shutterstock

Revance Therapeutics has extended the period of time in which Mylan must make a decision on whether it wants to continue the firms’ collaboration to develop and commercialize a biosimilar rival to Allergan’s Botox (onabotulinumtoxinA).

In the amended agreement filed by Revance with the US Securities and Exchange Commission, the firm gives Mylan until 30 April 2020 to decide whether it wants to continue to collaborate on the rival to Botox, beyond the pair’s initial development plan to prepare for and conduct a Biosimilar

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