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Amerigen Pharmaceuticals and AustarPharma Enter Into Collaboration Agreement for Generic Oral Controlled Release Products
Date:6/8/2011

EAST BRUNSWICK, N.J. and EDISON, N.J., June 8, 2011 /PRNewswire/ -- Amerigen Pharmaceuticals Limited and AustarPharma, LLC today announced they had entered into a broad-based collaboration agreement regarding the development of generic oral controlled release products. Under the terms of the agreement, AustarPharma will use its proprietary technologies to develop and manufacture products for Amerigen to commercialize in the United States and other territories. AustarPharma received an up-front fee and is eligible for additional product specific development milestones, plus manufacturing revenues and royalties on any commercialized products.

"This collaboration allows Amerigen to augment its internal product development activities and accelerate the company's efforts to build a portfolio of differentiated, high value generic pharmaceuticals," said Jonathan Embleton, Chief Business Officer for Amerigen. "We look forward to working with AustarPharma to complete the development and file for approval for some technically very challenging products."

President & CEO of AustarPharma, Dr Ron Liu commented, "As a technology based company, AustarPharma focuses on developing high technology barrier products. The combination of Amerigen's development, regulatory and commercial capabilities and AustarPharma's advanced controlled-release technologies in generic drug development will greatly benefit both companies. We highly value this collaboration."

About Amerigen

Amerigen Pharmaceuticals is a group of companies engaged in all phases of the generic pharmaceutical business, with operations in the US and China. The group is controlled by Amerigen Pharmaceuticals Limited. The US regulatory and commercial activities within the group are conducted by Amerigen Pharmaceuticals Inc., based in East Brunswick, NJ, USA. The group's Chinese subsidiary, Suzhou Amerigen Pharmaceuticals Limited, is located in Suzhou, Jiangsu Province. The group has an a
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SOURCE Amerigen Pharmaceuticals
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