Acorda acquires NeurogesX's pain patch and liquid for up to $12M

04/18/2013 | American City Business Journals

NeurogesX sold its Qutenza pain patch and an investigational liquid formulation called NGX-1998 to Acorda Therapeutics. NeurogesX will receive $7 million upfront, an additional $2 million if NGX-1998 wins FDA approval plus $3 million contingent on the drug's first-year sales hitting $100 million. The deal does not cover Europe, the Middle East or Africa, where Astellas Pharma holds marketing rights.

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