Easton Pharmaceuticals Inc. and BMV Medica S.A. de C.V. announced the signing of a closed sub-distribution agreement with the legal entity of BAYER's Consumer Health Division for women's diagnostic product known as VS-Sense, to treat Bacterial Vaginosis (BV) for the country of Mexico, currently licensed by Easton /BMV from Common Sense Ltd. of Israel. With the closing of the sub-distribution agreement, BAYER has advanced an up-front cash payment to Easton /BMV Medica and shall advance a further up-front milestone payment upon product launch in Mexico which includes the payment of royalties on each product sold for a five-year period.
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- Easton Pharmaceuticals, Inc. and BMV Medica S.A. de C.V. Announce Signing of a Closed Sub-Distribution Agreement