OSCIENT PHARMACEUTICALS AND PFIZER ENTER AGREEMENT FOR FACTIVE TABLETS IN MEXICO

Oscient Pharmaceuticals Corporation has sublicensed the commercialization rights to FACTIVE (gemifloxacin mesylate) tablets in Mexico to Pfizer, S.A. de C.V., the largest pharmaceutical company in that country. In exchange for those rights, Pfizer Mexico has agreed to pay Oscient an up-front payment, milestones for attaining certain regulatory and sales goals as well as royalties on future sales. Specific financial terms were not disclosed.
Business Wire