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- Urovant Sciences and French pharmaceutical company Pierre Fabre Médicament have entered into a licensing agreement to commercialize oral treatment vibegron for overactive bladder (OAB) in the European Economic Area, UK and Switzerland.
- Urovant is a unit of Sumitovant Biopharma, which is also a majority owner of Myovant Sciences (MYOV).
- As per the deal, Urovant will get up to $75M in upfront and milestone payments and will share responsibility with Pierre Fabre for vibegron clinical trials in kids in Europe, the companies said in a statement on Tuesday.
- Urovant will retain commercialization rights to vibegron in the U.S. and certain other markets.