February 9, 2017 / 9:13 PM / a year ago

BRIEF-Neurocrine and Bial reports exclusive North American licensing agreement for opicapone

Feb 10 (Reuters) - Neurocrine Biosciences Inc :

* Neurocrine and Bial announce exclusive North American licensing agreement for opicapone

* Neurocrine will be responsible for development and commercialization of opicapone in united states and canada

* Will make upfront payment of $30 million and will fund all development activities necessary for U.S. FDA approval

* Will pay Bial a percentage of net sales in exchange for manufacture and supply of opicapone drug product

* Neurocrine Biosciences - upon completion of technology transfer from Bial, neurocrine intends to meet with fda to discuss potential NDA submission

* Neurocrine Biosciences - Bial eligible to receive additional milestone payments of about $115 million from neurocrine for achievement of certain milestones Source text for Eikon: Further company coverage:

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