Seeking Alpha

Avanir Pharmaceuticals inks co-promotion deal with Merck on Januvia

  • Avanir Pharmaceuticals (AVNR) ramps higher in the post-session after saying it's entered into an exclusive, multi-year agreement with Merck (MRK) to co-promote MRK's type 2 diabetes therapies Januvia and the sitagliptin family of products in the U.S.
  • Terms of the deal were not disclosed.
  • Shares +9.6% AH.
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