ANR and Zoetis to negotiate International Detach Commercial
Brisbane, Aug 21, 2017 AEST (ABN Newswire) - Anatara Lifesciences (
ASX:ANR) is pleased to announce that global animal health company, Zoetis Inc. ('Zoetis') has exercised its option to negotiate a commercial agreement for the worldwide development, distribution and marketing of Detach(R), with terms to be agreed.
Key points:
- Global animal health company Zoetis has exercised its option to negotiate a commercial agreement for the worldwide development, distribution and marketing of Detach(R), per the Exclusive Research Evaluation and License Option Agreement announced on 18 January 2016
- Anatara and Zoetis to negotiate commercial terms
The licensing negotiations follow an Exclusive Research Evaluation and License Option period (announced 18th January 2016), during which time Zoetis completed a preliminary evaluation of Detach(R) as a non-antibiotic approach to help control scours in certain livestock. It is expected that negotiations will take some months to complete, and there is no guarantee that a transaction will be completed.
Anatara's Chairman and CEO, Dr Mel Bridges commented, "We are delighted to now be moving into formal negotiations for Detach's development and commercialization."
Anatara's Detach(R) technology has potential to play a part as an alternative to traditional antibiotics to help control scours in farm animals. Collaboration between Anatara and Zoetis reinforces the two companies' commitment to reducing the use of antibiotics in livestock production.
About Zoetis
Zoetis is the leading animal health company, dedicated to supporting its customers and their businesses. Building on more than 60 years of experience in animal health, Zoetis discovers, develops, manufactures and markets veterinary vaccines and medicines, complemented by diagnostic products, genetic tests, biodevices and a range of services. Zoetis serves veterinarians, livestock producers and people who raise and care for farm and companion animals with sales of its products in more than 100 countries. In 2016, the company generated annual revenue of $4.9 billion with approximately 9,000 employees. For more information, visit http://www.zoetis.com
About Anatara Lifesciences Limited
Anatara Lifesciences Limited (ASX:ANR) is developing and commercialising innovative, evidence-based products for gastrointestinal health where there is significant unmet need. Anatara is a life sciences company with expertise in developing productsfor human and animal health. Anatara is focused on building a pipeline of human gastrointestinal health products. Underlying this product development program is our commitment to delivering real outcomes for patients and strong value for our shareholders.
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