Ipsen ends neurotoxin pact with Galderma after arbitration cases filed in international court
Ipsen has terminated a 2014 neurotoxin R&D deal with Galderma after the partner started two cases at the International Chamber of Commerce against Ipsen, the company said in its earnings statement Wednesday.
Ipsen CEO David Loew said on a media call that the company let Galderma know about the termination on Wednesday night. The company plans to “fully defend and vindicate its rights” in the ICC cases, the company said in a statement. Ipsen CFO Aymeric le Chatelier said the arbitration is expected to finish by the end of the year.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.