Iconovo enters into licensing and product development with Amneal Pharmaceuticals

Iconovo has signed an agreement for a licensing deal and a product development project with Amneal Pharmaceuticals that produce and market generic drug products. The agreement involves an adaptation of Iconovo’s unique inhaler, ICOres™ as well as a development of a powder formulation to treat asthma and COPD. Iconovo will receive an up-front payment and milestone payments in the mid-single digit Euro millions range during development through regulatory approvals and royalties after commercial launch.