Posted Nov. 11, 2011 at 11:50 a.m.

Premium Lock California drug firm terminates potential blockbuster deal with Salix

Published: 2011-11-11 11:50:48
Updated: 2011-11-11 11:50:48

Salix Salix

"Napo believes Salix has materially breached the collaboration agreement by unnecessarily stalling the advancement of this compound," Napo Pharmaceuticals says. "Most notably, Salix has failed to file an NDA one year after a highly successful phase 3 clinical trial or to prepare for commercial manufacture of the drug -- critical tasks that were fundamental to its responsibilities."...

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