AFT signs North American licensing deal for Pascomer topical treatment

Thu, 04 Jul 2019

By Paul McBeth July 5 (BusinessDesk) - AFT Pharmaceuticals is eyeing a US$10 million payment from a North America licensing deal but is keeping its earnings guidance unchanged for now. The maker of Maxigesic painkillers reached the licensing and development agreement with US-based Timber Pharmaceuticals for its Pascomer drug, which treats skin lesions known as facial angiofibromas associated with the genetic disorder, tuberous sclerosis. Timber will cover the cost of two clinical trials involving 120 patients, with the results due ne...

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