Journey Medical Corporation Enters Exclusive License Agreement With Maruho Co., Ltd. For Qbrexza In South Korea And Other Asian Nations; Co. To Receuve $19M Upfront Payment And Is Eligible For Certain Milestones Totaling Up To $45M
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Journey Medical Corporation has entered an exclusive license agreement with Maruho Co., Ltd. for Qbrexza in South Korea and other Asian nations. The company will receive a $19M upfront payment and is eligible for certain milestones totaling up to $45M.
September 06, 2023 | 12:09 pm
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Journey Medical Corporation, a subsidiary of Dermira, Inc. (DERM), has entered into a lucrative licensing agreement which could positively impact DERM's revenues.
The news directly pertains to Journey Medical Corporation, a subsidiary of Dermira, Inc. (DERM). The licensing agreement, which includes a significant upfront payment and potential for further milestone payments, could significantly boost DERM's revenues in the short term.
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