Anesiva and Sigma-Tau Announce Exclusive Marketing and Distribution Agreement for Zingo(TM) in Six European... ( SOUTH SAN FRANCISCO Calif. Feb. 1...)

Anesiva and Sigma-Tau Announce Exclusive Marketing and Distribution Agreement for Zingo(TM) in Six European Countries

Date:2/11/2008

SOUTH SAN FRANCISCO, Calif., Feb. 11 /PRNewswire-FirstCall/ -- Anesiva, Inc. (Nasdaq: ANSV) and Sigma-Tau SpA have announced an agreement granting an exclusive license to Sigma-Tau for the marketing and distribution of Anesiva's Zingo(TM) (lidocaine hydrochloride monohydrate) powder intradermal injection system in six European countries: Italy, France, Germany, Netherlands, Belgium and Luxembourg. Under the terms of the agreement, Sigma-Tau will oversee all necessary regulatory filings, and will be responsible for all marketing and sales of Zingo in their territory.

"In Sigma-Tau, we have selected an experienced partner that can quickly and effectively maximize the Zingo opportunity in Europe and we look forward to an excellent collaborative relationship. Sigma-Tau has a proven commercial infrastructure, including a hospital sales force, and a strong network in Europe," said John P. McLaughlin, chief executive officer of Anesiva. "This licensing agreement covers the majority of Europe and we are currently in advanced discussions with other potential partners for certain additional countries."

"Sigma-Tau seeks to help improve health and quality of life for all. Our agreement to bring Zingo to European markets fits perfectly with this aim, and we are eager to make this FDA-approved product available to patients who otherwise might not have access to it for the reduction of pain associated with peripheral venous access procedures," said Ugo Di Francesco, Executive Vice President and Chief Executive Officer at Sigma-Tau.

The agreement between Anesiva and Sigma-Tau includes an upfront payment to Anesiva and transfer price, as well as milestone payments; additional terms were not disclosed.

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