December 22, 2016 / 7:24 AM / 8 months ago

BRIEF-Pharma Mar signs licensing deal with Chugai Pharmaceutical for PM1183 in Japan

Dec 22 (Reuters) - Pharma Mar SA :

* Signs exclusive licensing and marketing agreement with Chugai Pharmaceutical Co. Ltd. for PM1183 in Japan

* Says will receive an initial payment of 30 million euros ($31.33 million) and royalties

* May get other payments depending on whether certain milestones are met, both for clinical development and sales, of over 100 million euros in total Source text for Eikon:

Further company coverage: ($1 = 0.9575 euros) (Gdynia Newsroom)

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