Depomed to Develop an Extended-Release Formulation of Compound

Depomed announced an agreement with Boehringer Ingelheim Pharmaceuticals, (BIPI) to develop a controlled-release dosage form of an undisclosed pharmaceutical compound. The collaboration entails Depomed applying its Gastric Retention (GR) technology to develop an extended, controlled-release formulation of one of BIPI's pharmaceutical compounds. Under the agreement, BIPI will reimburse Depomed for costs and out of pocket expenses associated with the program.

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