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UCB signs license agreement with Novartis for Provas (Diovan), Dafiro HCT, Dafiro, Jalra, and Icandra

Posted on: Mon, 24 Aug 2009 14:49:00 EDT

Symbols: NVS

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Aug 24, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
NVS | Quote | Chart | News | PowerRating -- UCB S.A. and Novartis AG, a Switzerland-based pharmaceutical company, have entered into a license agreement for cardiovascular and diabetes products in Germany. UCB is a Belgium-based biopharmaceutical company focused on the fields of central nervous system and immunology disorders.

Under the agreement, UCB has extended commercial rights for the German market to the cardiovascular medication Provas(R) (Valsartan) beyond 2011, and has licensed in commercial rights for Dafiro(R) (valsartan and Amlodipine) and Dafiro HCT(R) (Valsartan, Amlodipine and HCT).

In addition, UCB would co-commercialize the two new oral anti-diabetics Jalra(R) and Icandra(R) (Vildagliptin and Vildagliptin + Metformin).

Deal Type    Partnership
Sub-Category Licensing Agreement,Commercialization
Deal Status  Announced: 2009-08-24

Deal Participants

Partner 1 (Company) Novartis AG
Partner 2 (Company) UCB S.A.

For full details on Novartis Ag Ads (NVS) NVS. Novartis Ag Ads (NVS) has Short Term PowerRatings at TradingMarkets. Details on Novartis Ag Ads (NVS) Short Term PowerRatings is available at This Link.

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