Emergent BioSolutions Obtains Commercial Rights to Kloxxado Nasal Spray

MT Newswires Live

01/14

Emergent BioSolutions (EBS) said Tuesday that it has obtained exclusive commercial rights in the US and Canada to Hikma Pharmaceuticals' Kloxxado Nasal Spray, an 8 mg naloxone agent approved for the emergency treatment of known or suspected opioid overdose.

Financial terms were not disclosed.

Under the terms of the six-year agreement, Emergent said Hikma will continue to manufacture Kloxxado Nasal Spray 8 mg, which will become part of Emergent's NARCANDirect online distribution network for direct purchasers, such as emergency medical services.

Emergent's shares were up about 3% in recent premarket activity.

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