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Pacts In Medtech: Circassia, AIT Team Up To Treat Hypertension In Newborns; Otsuka, Click Collaborate On Depression App

 
• By Reed Miller

Derived from Strategic Transactions, Informa's premium source for tracking life-sciences deals, the bimonthly Pacts In Medtech feature highlights notable technology alliances, R&D partnerships and commercial collaborations. This edition covers industry pacts that were sealed in January and February 2019.

Pacts In Medtech
• Source: shutterstock.com

Circassia licensed the US and China commercial rights to AIT’s AirNOvent cylinder free nitric oxide generator and phasic-flow delivery system for persistent pulmonary hypertension of the newborn and related indications in the hospital setting. The AirNOvent nitric oxide generator and delivery system is designed for treating persistent pulmonary hypertension of the newborn at nitric oxide concentrations of less than 80 ppm.

Circassia will pay AIT $7.35m up front and cost plus for generator systems and filters plus $25.2m in regulatory and launch milestones either in cash or Circassia stock. The deal also gives AIT sales royalties ranging from 5%-20%

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