Ipsen pays Lexicon $23m upfront for ex-US, Japan rights to PhIII drug

Ipsen of France has signed a deal with Texan firm Lexicon Pharmaceuticals for an exclusive license to commercialize telotristat etiprate outside North America and Japan, with a focus on the treatment of carcinoid syndrome. Lexicon, which bags $23m upfront under the deal, retains sole rights to commercialize telotristat etiprate in those territories.