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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...

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