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ZP PTH (Daily)
Zosano Pharma Corporation
Drug Names(s): ZP-PTH, Macroflux PTH, PTH 1-34 patch, Teribone patch
ZP PTH (Daily) is the daily patch of ZP PTH (Weekly).
ZP PTH patch delivers PTH 1-34, teriparatide (PTH), a compound that stimulates formation of new bone and reduces the risk of fractures. The titanium microneedle patch delivery technology transmits the drug into the superficial skin layers through a self-administered applicator.
Zosano and Eli Lilly
In December 2014, Zosano Pharma and Eli Lilly announced that they have entered into an exclusive agreement to develop ZP-PTH. Under the terms of the agreement, Zosano has granted Lilly an exclusive worldwide license to commercialize ZP-PTH. Lilly will make an equity investment of up to $15 million in Zosano concurrent with the consummation of Zosano's initial public offering of equity securities, and additionally make payments upon achievement of certain regulatory and sales milestones totaling up to $300 million for regulatory approvals and up to $125 million for sales milestones. Zosano is also eligible to receive double-digit royalties on sales of products in major markets and will receive reimbursement of all manufacturing costs.
Pending successful clinical testing outcomes and regulatory approval of ZP-PTH, Lilly will be responsible for commercialization of the product. Zosano will be responsible for funding and developing the product,...See full deal structure in Biomedtracker
ZP PTH (Daily) News
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