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Monday, November 7, 2022

Lannett: PATENT LICENSES FOR PEN INJECTOR DEVICE TO BE USED FOR INSULIN GLARGINE, INSULIN ASPART

 Lannett Company, Inc. (NYSE: LCI) today announced that it has entered into an agreement with Ypsomed AG, the manufacturer and supplier of the pen injector device to be used in connection with its biosimilar insulin glargine and biosimilar insulin aspart development programs, that will provide a patent sublicense to the company and its strategic alliance partner within the HEC Group of companies (HEC).

Under the agreement, Lannett and HEC will, in exchange for its financial contribution, receive a sub-license to a licensing arrangement between Ypsomed and Sanofi-Aventis Deutschland GmbH, the holder of various patents related to the pen injector device. The financial terms of the agreement are confidential.

https://finance.yahoo.com/news/lannett-announces-patent-licenses-pen-115200918.html

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